From new york, heres the bbc s north America Business correspondent, michelle fleury. Stubborn inflation pushes back the timing of the first rate cut. The Us Federal Reserve voted to keep its Benchmark Lending Rate at a 23 year high on wednesday. Officials have said they want more certainty that inflation is under control before they Lower Borrowing costs. They do not have that yet. Here is chair, jerome powell, during his press conference. The economy has made considerable progress towards our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. W
Here is chair, jerome powell, during his press conference. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate cuts. And sweetening the mood on wall street, the Dowjones Industrial Average closed higher, after the fed chair implied that the Central Banks next move was unlike
Mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate cuts. And sweetening the mood on wall street, the Dowjones Industrial Average closed higher, after the fed chair implied that the Central Banks next move was unlikely to be a rate hike. As youve heard from the Us Federal Reserve, Interest Rates in america will remain high for some
[inaudible] the role that [inaudible] have had in strengthening the Iraqi Kurdistan . You repeat that . Yes. If you could please comment on the role that exxon, the oil company exxonmobil. Yeah, sorry. Okay. Thank you. Exxon is one of a number of Large International Oil Companies that have signed exploration and production agreements with the regional government. They did that under threat from baghdad, that they might lose their positions and privilege to develop oil fields in parts of iraq. P. M. They need a Banking Sector they need to be involved in regional trade, but oil is king, and exxon has played a leading role. Seems like a good place to leave these things. David, once again, you have given us a comprehensive sweep of the kurdish issue as well as the politics of the entire region. Again, the book is othe kurdish spring a new map of the middle east. And here with author david phillips. Please join me in thanking him for his insights today. [applause] booktv is on twitter and f
This is Al Jazeera America and im Morgan Radford in new york. Americas closest allies are and inning answers over the lathest spying allegations. So theyre bringing the debate right to americas doorstep. A delegation from the European Union will arrive in washington monday to question u. S. Officials over this weeks revelation of spying, including access to tens of thousands of french phone records and even monitoring german chancellor Angela Merkels cell phone. Now merkel is demanding the u. S. Sign a no spying agreement with germany and france. Same as what they have with great britain. But u. S. Officials say this is really nothing new. All are aware that collection on their high level political leaders is always a possibility. And now, Mike Viqueria brings us the latest from the white house. While u. S. Officials are still not commenting publicly on the substance of these allegations, spying on americas closest allies, including the cell phone of Angela Merkel, president obama has