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U.S. Fed raises interest rates by half point, ramping up inflation fight

STORY: U.S. Fed raises interest rates by half point, ramping up inflation fight DATELINE: May 5, 2022 LENGTH: 00:01:57 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. Exterior of the U.S. Federal Reserve STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by a half percentage point, marking the sharpest rate hike since 2000, as it takes more aggressive steps to rein in the highest inflation in four decades. The Federal Open Market Committee (FOMC), the Fed's policy-making body, decided to raise the target range for the federal funds rate to 0.75 to 1 percent, the Fed said in a statement after a two-day policy meeting. The committee also decided to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities on June 1, according to the statement. SOUNDBITE 1 (English): JER

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What I Did For Love (1998)

Jean-Marc Barr, Ophelie Winter Characters: Marc,Lisa Film: What I Did For Love (1998) Director: Jer

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What I Did For Love (1998)

Ophelie Winter, Jean-Marc Barr Characters: Lisa,Marc Film: What I Did For Love (1998) Director: Jer

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What I Did For Love (1998)

Ophelie Winter, Jean-Marc Barr Characters: Lisa,Marc Film: What I Did For Love (1998) Director: Jer

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What I Did For Love (1998)

Jean-Marc Barr, Ophelie Winter Characters: Marc,Lisa Film: What I Did For Love (1998) Director: Jer

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FOCUS: Taiwanese mayors step up to engage with China

Taipei Mayor Ko Wen-jer (C) poses for a photo at a day care center in Taipei on Sept. 26, 2017. Ko, a political independent but an ally of the ruling Democratic Progressive Party, recently said relations across the Taiwan Strait with China resembled "one close family" and "a community of shared destiny." (Kyodo) ==Kyodo