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Federal Reserve Chairman Jerome Powell discusses interest rate hike | full video
Posted
March 16, 2022
Views
42,034
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244
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142
Engagement
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March 16, 2022
42,034
244
142
0.92%
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54:34Now PlayingFederal Reserve Chairman Jerome Powell on Wednesday said the central bank is raising interest rates by a quarter-point to combat soaring inflation. Powell said the U.S. economy is strong, but noted the labor market is tight “to an unhealthy level." He also said the implications of Russia’s invasion of Ukraine on the economy are “highly uncertain.” This is the Federal Reserve's first rate hike since 2018.
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