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during his press conference. with us inflation running still well above the bank s 2% target, it sjob is not yet done. i think, as anyone can see, not a single person on the committee wrote down a rate cut this year, nor do i think it is at all likely to be appropriate if you think about it. inflation has not really moved down. it has not so far reacted much to our existing rate hikes, and so we re going to have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. michelle fleury there in washington, dc. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants it to be. earlier, i spoke to blerina uruci of t.row ....
there was not a rate cut this year there was not a rate cut this year nor there was not a rate cut this year nor is there was not a rate cut this year nor is it likely to be appropriate if you think about it. inflation has not moved down it. inflation has not moved down and it is not reacted much to our down and it is not reacted much to our interview existing rate hikes to our interview existing rate hikes so to our interview existing rate hikes so we have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices and follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants. earlier, i spoke with blerina u ....
Accomplish that goal. Reporter are you guys tired . Youre not tired . This is the cbs weekend news. Morgan good evening. Im demarco morgan. On his first full day in office, President Trump went to church and paid a visit to c. I. A. Headquarters it to begin healing his rift with the u. S. Intelligence community. He blamed that rift on the media. Across from the white house, hundreds of thousands of women and men who support womens rights rallied and marched on the national mall. Pop superstar madonna was among the celebrities in attendance. Tonight, we have a series of reports on the new president and this day of demonstrations, beginning with major garrett. I love you. I respect you. Theres nobody i respect more. Youre going to do a fantastic job. Reporter after weeks spent doubting the intelligence communitys conclusion about russian hacking and the election, President Trump< ....
Accomplish that goal. Reporter are you guys tired . Youre not tir . Ed this is the cbs weekend news. Traveled to c. I. A. Headquarters to make this promise i know maybe sometimes you havent gotten the backing that youve wanted, and youre going to get so much backing. Reporter the president vowed to intensify efforts to defeat isis and after denouncing an intelligence summary that contained unsubstantiated allegations against him, blamed the media for the rift. And they sort of made it sound like i had a feud with the intelligence community. I just want to let you know, the reason youre the number one stop it is exact lets opposite. Reporter earlier in the at day mr. Trump and his family, following a president ial tradition, attended a multidenominational Prayer Service at Washingtons National cathedral. We pray you start a fire in every heart, the true love of peace. Re ....