Powell Jean News Today : Breaking News, Live Updates & Top Stories | Vimarsana

be sure to state the top winning entry. the federal reserve has announced plans to raise interest rates by a quarter of a percent. jerome powell held a press conference to explain the central decision which comes almost two weeks after the failure of silicon valley bank and signature bond. this is about 45 minutes. >> good afternoon. let me briefly address recent development in the banking sector. in the past two weeks, serious difficulties at a small number of banks have emerged. history has shown that isolated banking problems if left unaddressed can undermine confidence and threat...

>> good afternoon. before discussing today's meeting let me briefly address recent difficulties in the banking industry. in recent weeks, a small number of issues have been observed. history has shown that small problems in the banking system if left unaddressed can cause problems in the banking industry as a whole. that's why the federal reserve working with the treasury department and fdic took decisive action to address the economy and strengthen public d.v.d. in our banking system. these actions demonstrate that banking industry is safe. we created the bank term funding program ...

>> good afternoon. before discussing today's meeting let me briefly address recent difficulties in the banking industry. in recent weeks, a small number of issues have been observed. history has shown that small problems in the banking system if left unaddressed can cause problems in the banking industry as a whole. that's why the federal reserve working with the treasury department and fdic took decisive action to address the economy and strengthen public d.v.d. in our banking system. these actions demonstrate that banking industry is safe. we created the bank term funding program t...