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Transcripts for BBCNEWS Asia Business Report 20240604 23:36:00

the speech by us federal chairmanjerome the speech by us federal chairman jerome powell. the speech by us federal chairmanjerome powell. ihe the speech by us federal chairmanjerome powell. he told chairman jerome powell. he told central bankers chairman jerome powell. he told central bankers around chairman jerome powell. he told central bankers around the - central bankers around the world that the us will continue to raise interest rates at quote, if appropriate, as inflation remains too high. is currently just over 3% which inflation remains too high. is currentlyjust over 3% which is higher than the first 2% target. mr powell set interest rates could rise a further and stay higher for longer which will disappoint many investors who were hoping his speech might signal the end to the us having its highest interest rate in more than two decades. he cited the effects of russia s ongoing invasion of ukraine as one of the factors keeping prices elevated globally. a few things we re p

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