Jerome Powell promises to keep banking system safe as FOMC delivers second back-to-back 25-bps rate hike
Fed rate hike, FOMC rate decision: Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee — the US central bank's rate-deciding panel — to hike the key US interest rates by 25 basis points on Wednesday. He said the central bank is prepared to use all tools to keep the bank system safe.
Fed Chair Jerome Powell-led FOMC voted unanimously on the rate decision. | Image: Reuters