U.S. Fed chair says 50 basis points rate hike "on the table" for May meeting

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U.S. Fed chair says 50 basis points rate hike "on the table" for May meeting

STORY: U.S. Fed chair says 50 basis points rate hike "on the table" for May meeting DATELINE: April 22, 2022 LENGTH: 00:00:52 LOCATION: Washington, D.C. CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): JEROME POWELL, U.S. Fed Chair 2. SOUNDBITE 2 (English): JEROME POWELL, U.S. Fed Chair 3. SOUNDBITE 3 (English): JEROME POWELL, U.S. Fed Chair STORYLINE: It is appropriate for the U.S. Federal Reserve to "move a little more quickly" amid surging inflation and accommodative monetary condition, Fed Chair Jerome Powell said Thursday, signaling a 50-basis-point rate hike for the May meeting. Powell made the remarks in a panel discussion during the 2022 Spring Meetings of the International Monetary Fund and the World Bank. SOUNDBITE 1 (English): JEROME POWELL, U.S. Fed Chair "Our goal is to use our tools to get demand and supply back in sync, so that inflation moves down and do so without a slowdown that amounts to a recession. That's our goal. I don't think you'll hear anyone at the Fed say that that's goi

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