U.S. Fed kicks off rate-hiking cycle to combat inflation, adds to global debt concerns

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U.S. Fed kicks off rate-hiking cycle to combat inflation, adds to global debt concerns

STORY: U.S. Fed kicks off rate-hiking cycle to combat inflation, adds to global debt concerns DATELINE: March 17, 2022 LENGTH: 00:01:28 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): JEROME POWELL, U.S. Federal Reserve Chairman 2. SOUNDBITE 2 (English): JEROME POWELL, U.S. Federal Reserve Chairman 3. SOUNDBITE 3 (English): JEROME POWELL, U.S. Federal Reserve Chairman STORYLINE: The U.S. Federal Reserve on Wednesday kicked off an interest-rate hiking cycle and signaled six more rate hikes later this year, as it seeks to tame the highest U.S. inflation in four decades. SOUNDBITE 1 (English): JEROME POWELL, U.S. Federal Reserve Chairman "At the federal reserve, we are strongly committed to achieving the monetary policy goals that Congress has given us, maximum employment and price stability. Today in support of these goals, the FOMC (Federal Open Market Committee) raised its policy interest rate by one quarter percentage point." SOUNDBITE 2 (English): JEROME POWELL, U.S. Fed

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