WORLD US Fed resumes meeting, interest rate hike expected

WORLD

US Fed resumes meeting, interest rate hike expected

AFP

22:35, December 19, 2018

The US Federal Reserve on Wednesday resumed a two-day policy meeting and is widely expected to announce its fourth interest rate hike of 2018.

Policymakers gathered in the midst of an extraordinary blitz of criticism from the White House as President Donald Trump demands a halt to the current tightening cycle.

AP18352654879184.jpg

In a Nov. 29, 2018, file photo, Federal Reserve Chairman Jerome Powell addresses the Federal Reserve Board's 15th annual College Fed Challenge Finals in Washington. The Federal Reserve is poised Wednesday, Dec. 19, to raise its key interest rate for the fourth time this year. But beyond that, its plans are shrouded in uncertainty. (Photo: AP)

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue