U.S. Senate confirms Powell to second term as Fed chair

**This is a 60-seconds sample of the video. For the full version, please contact us.**

U.S. Senate confirms Powell to second term as Fed chair

STORY: U.S. Senate confirms Powell to second term as Fed chair DATELINE: May 13, 2022 LENGTH: 00:00:55 LOCATION: Washington D.C. CATEGORY: POLITICS SHOTLIST: 1. various of the U.S. Senate voting on the confirmation bill 2. various of exterior of the U.S. Capitol STORYLINE: The U.S. Senate on Thursday confirmed Jerome Powell to a second term as chairman of the Federal Reserve in a long-delayed vote, allowing him to continue leading the Fed to tame the highest inflation in four decades. The upper chamber voted 80-19 to confirm Powell to a second four-year term, almost half a year after President Joe Biden announced the nomination. As the Fed takes more aggressive steps to rein in the surging inflation, Powell's challenge would be to bring inflation down without triggering a recession, which, according to many economists, would be very difficult. Last week, the Fed raised its benchmark interest rate by a half percentage point to a target range of 0.75 to 1 percent, marking the sharpest rate hike s

  • Product Code
  • ILEA000964554
  • Registered date
  • 2022/5/13 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 60.44(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Australian inflation projected to fall below 3 pct in 2024

    STORY: Australian inflation projected to fall below 3 pct in 2024 SHOOTING TIME: May 13, 2024 DATELINE: May 15, 2024 LENGTH: 00:01:21 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of grocery stores in Canberra 2. various of a shopping center in Canberra 3. various of a petrol station in Canberra STORYLINE: Australia's inflation rate is set to return to the central bank's target band by the end of 2024, the government has forecast. According to projections released by the Treasury on Sunday, inflation will fall to 2.75 percent by December and to 2.5 percent by the end of 2025. The Treasury projections suggest that inflation will fall back to the Reserve Bank of Australia's target band of 2-3 percent one year earlier than forecast by the bank in its outlook published earlier in May. The central bank's forecast does not account for unannounced measures included in Chalmer's budget whereas the Treasury's does. "Inflation is still the big near-term challenge in our economy which is

      U.S. tariff hikes on China's clean energy goods draws backlash

      STORY: U.S. tariff hikes on China's clean energy goods draws backlash SHOOTING TIME: File DATELINE: May 15, 2024 LENGTH: 00:01:20 LOCATION: Beijing CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the White House 2. various of China's EV industry 3. photo of U.S. President Joe Biden during an event in Washington, D.C. on May 14 4. various of screenshots of media reports STORYLINE: The United States announced on Tuesday new tariffs on an array of clean energy products from China, including electric vehicles (EVs), with EV tariffs jumping from 25 percent to 100 percent. Shortly after the announcement, China's commerce ministry said Tuesday that China firmly opposes and lodges solemn representations over U.S. further increase of additional tariffs on some Chinese goods, and will take resolute measures to safeguard its own rights and interests. The newly announced tariff hike is mostly a symbolic gesture as the Biden administration is trying to look tough on China amid the increasingly fierce presidential

        Bank of Japan cuts purchases of Japanese government bonds

        STORY: Bank of Japan cuts purchases of Japanese government bonds SHOOTING TIME: April 30, 2024 DATELINE: May 14, 2024 LENGTH: 00:01:44 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of banks in Tokyo STORYLINE: The Bank of Japan (BOJ) on Monday announced a reduction of the amount of Japanese government bonds it offered to buy in a regular purchase operation. The central bank offered to buy 425 billion yen (about 2.73 billion U.S. dollars) in Japanese government bonds with five to 10 years left to maturity, down 50 billion yen from the previous such operation. The benchmark yield on the 10-year Japanese government bond subsequently climbed to a six-month high of 0.935 percent at one point. The reduction was the first since the BOJ in March adjusted its massive monetary easing, including ending its negative interest rate policy. Some market participants saw the move as the BOJ's latest effort to counter the weakening yen. BOJ Governor Kazuo Ueda has said r

          Putin re-appoints Mishustin as Prime Minister

          STORY: Putin re-appoints Mishustin as Prime Minister SHOOTING TIME: May 10, 2024 DATELINE: May 11, 2024 LENGTH: 00:01:09 LOCATION: Moscow CATEGORY: POLITICS SHOTLIST: 1. various of footage published by Duma on Friday 2. Kremlin footage of Mishustin in a meeting on May 6, 2024 3. various of Mikhail Mishustin speaking (File) STORYLINE: Russian President Vladimir Putin on Friday signed a decree, re-appointing Mikhail Mishustin as the Prime Minister, according to the Kremlin press office. "In accordance with the point 'a' of Article 83 of the Constitution of the Russian Federation, appoint Mikhail Vladimirovich Mishustin as the Chairman of the government of the Russian Federation," said the decree. The decree enters into effect since the day of signing. Earlier on Friday, Russia's State Duma had approved Putin's nomination of Mikhail Mishustin as the Prime Minister. Mishustin was first appointed as Prime Minister in 2020, after serving as the head of the Russian Federal Tax Service from 2010 to 20

            Türkiye raises year-end inflation forecast amid soaring prices

            STORY: Türkiye raises year-end inflation forecast amid soaring prices SHOOTING TIME: May 9, 2024 & Earlier footage DATELINE: May 10, 2024 LENGTH: 00:01:19 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank (earlier footage) 2. SOUNDBITE 1 (Turkish): FATIH KARAHAN, Turkish Central Bank Governor (courtesy of ihlas news agency) 3. various of Turkish lira (earlier footage) 4. SOUNDBITE 2 (Turkish): FATIH KARAHAN, Turkish Central Bank Governor (courtesy of ihlas news agency) 5. various of Turkish lira (earlier footage) 6. various of Turkish Central Bank (earlier footage) STORYLINE: Türkiye's Central Bank has raised its end-of-year inflation forecast for 2024 to 38 percent, a two-percentage-point increase from previous estimates, as revealed in its latest quarterly report. The bank's outlook for the subsequent years remains unchanged, with inflation expected to decrease to 14 percent in 2025 and 9 percent in 2026, aiming for a medium-term stabilization target of 5 percent. Centr

              U.S. withholds arms shipment to Israel over "serious concerns" about Rafah offensive: State Dept

              STORY: U.S. withholds arms shipment to Israel over "serious concerns" about Rafah offensive: State Dept SHOOTING TIME: May 8, 2024 DATELINE: May 9, 2024 LENGTH: 00:01:10 LOCATION: Washington D.C. CATEGORY: POLITICS SHOTLIST: 1. U.S. Defense Secretary Lloyd Austin testifying on Capitol Hill 2. various of the spokesperson for U.S. State Department Matthew Miller briefing reporters at the press conference 3. file footages of the Pentagon STORYLINE: The United States has withheld one shipment of near-term weapons aid to Israel due to "serious concerns" that a looming large-scale military operation in Rafah by Israeli forces would cause significant loss of civilian lives, the State Department said on Wednesday. Matthew Miller, the spokesperson for the State Department, confirmed the halt of security assistance to Israel at a press briefing, telling reporters that the administration of President Joe Biden is reviewing other shipments as the situation in Rafah unfolds. "We have very serious concerns about a po

                Swedish central bank cuts interest rate amid weak economy

                STORY: Swedish central bank cuts interest rate amid weak economy SHOOTING TIME: May 8, 2024 DATELINE: May 9, 2024 LENGTH: 00:01:31 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Sweden's central bank 2. various of Stockholm street STORYLINE: Amid weak economic activity, Sweden's central bank lowered its benchmark interest rate from 4 percent to 3.75 percent on Wednesday. This is the first rate cut in eight years. The Riksbank said the change to the policy rate will apply from May 15. The Riksbank's executive board said that if the outlook for inflation still holds, two more policy rate cuts can be expected in the second half of the year. "It was expected. They cut the interest rate because inflation is sinking towards the target even faster than the Riksbank had predicted, and the economy is weak," said Alexander Noren, an economic commentator on Swedish Television (SVT). "However, they will proceed carefully and not spring any surprises," Noren added. "I am totally convinced

                  U.S. unemployment rate ticks up to 3.9 pct in April as job growth slows

                  STORY: U.S. unemployment rate ticks up to 3.9 pct in April as job growth slows SHOOTING TIME: May 3, 2024 DATELINE: May 4, 2024 LENGTH: 0:02:12 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of exterior of U.S. Labor Department 2. various of street views in Washington D.C. 3. various of a subway train in Washington D.C. 4. various of a freight train in the U.S. 5. various of American Airlines airplanes STORYLINE: U.S. employers added fewer-than-expected 175,000 jobs in April, with the unemployment rate again ticking up to 3.9 percent, the U.S. Labor Department reported Friday. Job gains occurred in health care, social assistance, and transportation and warehousing, according to the department's Bureau of Labor Statistics (BLS). Total nonfarm payroll employment rose by 175,000 in April, lower than the average monthly gain of 242,000 over the prior 12 months, the report noted. In February, the unemployment rate increased to 3.9 percent, the highest level in two years, before sli

                    U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation ticks up

                    STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation ticks up SHOOTING TIME: May 1, 2024 DATELINE: May 2, 2024 LENGTH: 00:01:14 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of Jerome Powell at the press conference STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates that inflation continued to tick up. "Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective," the Federal Open Market Committee (FOMC), the Fed's policy-setting body, said in a statement released after the Fed's two-day policy meeting. "The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the statement read. Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly

                      South African Reserve Bank releases 2024 Monetary Policy Review

                      STORY: South African Reserve Bank releases 2024 Monetary Policy Review SHOOTING TIME: April 24, 2024 DATELINE: April 27, 2024 LENGTH: 00:02:52 LOCATION: JOHANNESBURG, South Africa CATEGORY: ECONOMY SHOTLIST: 1. various of the meeting 2. SOUNDBITE 1 (English): LESEJA KGANYAGO, Governor of SARB 3. various of the meeting 4. SOUNDBITE 2 (English): WITNESS SIMBANEGAVI, Economic Research department of the South African Reserve Bank STORYLINE: The South African Reserve Bank (SARB) released its 2024 Monetary Policy Review on Wednesday, indicating that headline inflation is only expected to return to the mid-point of the target band in the last quarter of 2025. South Africa's inflation target range is 3 to 6 percent. The report said that amid slower-than-expected disinflation in food and volatility in fuel prices, headline inflation had fluctuated in the range of 5-6 percent over the past six months. In terms of growth, the SARB anticipates that real GDP will increase to 1.2 percent this year. SOUNDBITE 1 (Engli