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Transcripts For BBCNEWS Asia 20240703

stronger than i think everyone expected. and so what you re seeing is this is what people believe, as of now, will be appropriate to achieve what we re looking to achieve, which is progress toward our inflation goal. central bankers now project higher growth and lower unemployment for next year. central bankers now project higher growth and lower unemployment for next year. if they re right, the us will have avoided a long feared recession. the decision gives policy makers more time to assess whether they ve done enough over the last 18 months to tame inflation. remember, the fed began lifting interest rates from near zero back in march 2022. central banks here in asia keep a close tab on the fed because us interest rates strongly influence exchange rates against the dollar. fred newman covers economies in asia extensively for the banking giant, hsbc, and he says that the impact of us monetary policy on the rest of the world is not a primary concern for the fed. well, it s a

Transcripts For BBCNEWS Asia 20240703

fed chairjerome powell explained why central bankers were moving towards holding rates higherfor longer. economic rates higher for longer. economic activity rates higherfor longer. economic activity has been stronger than we expected, stronger than we expected, stronger than we expected, stronger than i think everyone expected. and so what you re seeing is this is what people believe, as of now, will be appropriate to achieve what we re looking to achieve, which is progress toward our inflation goal. central bankers now project higher growth and lower unemployment for next year. if they re right, the us will have avoided a long feared avoided a long fea red recession. avoided a long feared recession. the decision gives policy makers more time to assess whether they ve done enough over the last 18 months to tame inflation. remember, the fed began lifting interest rates from near zero back in march 2022. central banks here in asia keep a close tab on the fed because us interest

Transcripts For BBCNEWS Asia 20240703

loner. ., . , holding rates higher for loner. ., , longer. economic activity has been stronger longer. economic activity has been stronger than longer. economic activity has| been stronger than expected, stronger than we all expected. and so what you are seeing is that this is what people believe as of now will be appropriate to achieve what we are looking to achieve, which is progress toward our inflation goal.- is progress toward our inflation goal. central bank now preject inflation goal. central bank now project higher - inflation goal. central bank now project higher growth | inflation goal. central bank. now project higher growth and lower unemployment for next year. if they are right for the us will have avoided a long recession. the decision gives policymakers more time to assess whether they have done enough over the last 18 months to tame inflation. the fed began lifting interest rates from near zero in march 2022. central banks here in asia keep a close tab o

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