U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct amid continued inflation pressures

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U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct amid continued inflation pressures

STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct amid continued inflation pressures SHOOTING TIME: March 20, 2024 DATELINE: March 21, 2024 LENGTH: 00:01:11 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of Jerome Powell waking into the press room 2. SOUNDBITE (English): JEROME POWELL, U.S. Federal Reserve Chair 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 continued inflation pressures. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, reiterated in a statement that it does not expect it will be appropriate to reduce the target range "until it has gained greater confidence that inflation is moving sustainably toward 2 percent." SOUNDBITE (English): JEROME POWELL, U.S. Federal Reserve Chair "Inflation is still too high, ongoing progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to ret

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