| Clip Of Federal Reserve Chair News Conference
Report Video IssueFed Chair Powell Announces Quarter-Point Interest Rate Hike
2023-05-03T14:30:47-04:00https://images.c-span.org/Files/cc4/001/1683138854_001.jpgFederal Reserve Chair Jerome Powell warns of further economic headwinds following the latest quarter-point interest rate hike in an effort to tamp down inflation, which he says remains "well above" the two-percent target. He also warns of a credit crunch, due in part to recent banking failures, and a weakening housing market due to mortgage rate increases.
Federal Reserve Chair Jerome Powell warns of further economic headwinds following the latest quarter-point interest rate hike in an effort t… read more
Federal Reserve Chair Jerome Powell warns of further economic headwinds following the latest quarter-point interest rate hike in an effort to tamp down inflation, which he says remains "well above" the two-percent target. He also warns of a credit crunch, due in part to recent banking failures, and a weakening housing market due to mortgage rate increases. close
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