Home > US spending and production 'have softened', says Fed Chair

Business
US spending and production 'have softened', says Fed Chair

Description

Federal Reserve Chair Jerome Powell says US spending and production data "has softened" and consumer spending "slowed significantly", as the central bank decided to again raise the benchmark interest rate by 75 basis points to tame spiraling price pressures. SOUNDBITE

Added on the 27/07/2022 20:48:49 - Copyright : AFPTV - First images

To customise your video :

More videos on the subject

US Fed chair says 'time has come' to cut rates

Federal Reserve chair Jerome Powell says that the "time has come" for the United States to start cutting interest rates. "The time has come for policy to adjust," he says in a keynote speech at the Jackson Hole Economic Symposium in the US state of Wyoming, according to prepared remarks, adding: "The direction of travel is clear." SOUNDBITE

23/08/2024 - AFPTV - First images
'High inflation imposes significant hardship' on US consumers, Fed chair says

"My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power," US Federal Reserve Chair Jerome Powell says in Washington. SOUNDBITE

20/03/2024 - AFPTV - First images
'We are fed up': Berliners protest against industrial food production

People take to the streets in a protest against industrial food production in the German capital Berlin. IMAGES

20/01/2024 - AFPTV - First images
'More evidence' needed to show inflation headed down: Fed chair

The Federal Reserve will need "substantially more evidence" to be confident that inflation is on a sustained downward path, says Federal Reserve Chair Jerome Powell. SOUNDBITE

01/02/2023 - AFPTV - First images
US Fed chair says bringing inflation down is 'essential'

US Federal Reserve Chair Jerome Powell says it is "essential" to bring down inflation for the US to have "sustained period of strong labor market conditions that benefit all." The Federal Reserve on Wednesday raised the benchmark lending rate by a half percentage point in its ongoing effort to contain the highest inflation in four decades. SOUNDBITE

04/05/2022 - AFPTV - First images