Fed Chair Jerome Powell delivers remarks after Fed leaves rates unchanged

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23 Jun 2022

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Jerome Powell, Federal Reserve chairman, gives his opening remarks after the Fed's recent rate announcement. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Facing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it could soon raise interest rates for the first time in more than three years as part of a broader tightening in historically easy monetary policy. In a move that came as little surprise, the Fed’s policymaking group said a quarter-percentage point increase to its benchmark short-term borrowing rate is likely forthcoming. It would be the first increase since December 2018.

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