NJ Spotlight News

Business Report: Fed still plans interest-rate hikes

Clip: 03/02/2022 | 3m 1s | Video has closed captioning.

Jerome Powell, chair of the Federal Reserve, Wednesday said the economic consequences of Russia's invasion of Ukraine, and the sanctions that followed, are highly uncertain. Powell made the statement when giving congressional testimony on the economy. For now, Powell said, the Fed will proceed carefully with planned interest-rate hike.

Aired: 03/02/22

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.