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Transcripts For BBCNEWS World Business Report 20240706

and driving hands free around the streets of london, we take a look at the driverless car that may be a gamechanger. let s now get down to business. let s start in the us, where it looks like interest rates will be headed higher and higher. speaking to a senate committee the chair of the federal reserve, jerome powell warned more action might be needed to stabilise prices and tame inflation. many analysts had been expecting another quarter percent rise when the fed meets later this month, but now some are predicting an ever bigger increase. investors didn t like the news, as you can see it sent us financial markets tumbling. the dow, nasdaq and s&p 500 all saw a sell off after powell s comments. our north america business correspondent samira hussain reports from new york. last year, the federal reserve raised interest rates at the fastest rate since the 1980s and it seemed to have helped inflation a little but the labour market remains resilient. the lastjob through sport sh

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Transcripts for BBCNEWS World Business Report 20240604 05:36:00

wait until this presidential election, anything that dries up election, anything that dries up unemployment will have a pushback from both democrats and republicans. pushback from both democrats and republicans. what about the hue bills and republicans. what about the huge bills that and republicans. what about the huge bills that have and republicans. what about the huge bills that have gone - huge bills that have gone through to inject enormous amounts of investment in the us economy, infrastructure spending, spending on green projects, etc etc, that would create jobs, projects, etc etc, that would createjobs, wooden? find create jobs, wooden? and listen, create jobs, wooden? and listen. we create jobs, wooden? and listen, we have create jobs, wooden? and listen, we have had - listen, we have had historically low unemployment, 1.9 availablejobs for historically low unemployment, 1.9 available jobs for every person interested in working so there is a dissonant but i would sa

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