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World Business Report: First broadcast 30/11/2022 22:32 GMT : Fed Chair signals slower rate hikes

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Fed Chair signals slower rate hikes

First broadcast 30/11/2022 22:32 GMT 

First broadcast 30/11/2022 22:32 GMT : Fed Chair signals slower rate hikes

BBC World Service - World Business Report, Fed Chair signals slower rate hikes

Chair of the US Federal Reserve Jerome Powell's speech calms the markets

US Fed Chair Jerome Powell has been speaking in DC today, offering a progress report on the Fed’s effort to get US inflation under control.

The chair of the US central bank Jerome Powell has indicated that the Federal Reserve could slow down on interest rate hikes going forward while cautioning that there's still a long way to go in its fight against inflation.

Also on the programme, Remote banking forces HSBC to shut 114 branches in the UK from April.

And as India assumes presidency of the G20, how could the next 12 months shape the group's agenda -- and what does it really mean for India?
(Picture: Chair of the U.S. Federal Reserve Jerome Powell. Credit: Getty Images.)

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First broadcast 30/11/2022 22:32 GMT : Fed Chair signals slower rate hikes

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