Following its two-day meeting, the rate-setting committee decided to raise the Federal Funds Rate by a quarter point to a range of between 1.5 and 1.75 percent.
Its not a bad moment for Jerome Powell, the new chair of the U.S. Federal Reserve, who held his first press conference. Powell is tasked with managing the supply of dollars to meet the twin goals of maintaining strong employment and keeping inflation in check.
And it’s going well.
CGTN’s Daniel Ryntjes reports.
Mike Archbold discusses the Fed’s decision to raise rates
CGTN’s Rachelle Akuffo spoke to former GNC CEO Mike Archbold about the Federal Reserve raising rates.