Watch Live: Federal Reserve Chairman Jerome Powell speaks on biggest interest rate hike since 1994
Federal Reserve Chairman Jerome Powell is holding a news conference following the U.S. central bank’s decision to raise interest rates by three-quarters of a percentage point, the sharpest hike since 1994. Powell acknowledged Wednesday's interest rate hike was "an unusually large one," but said the increase was necessary to tamp down inflation. #news #interestrates #federalreserve CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: http://youtube.com/cbsnews Watch CBS News: http://cbsn.ws/1PlLpZ7c Download the CBS News app: http://cbsn.ws/1Xb1WC8 Follow CBS News on Instagram: https://ift.tt/P29Ezcg Like CBS News on Facebook: https://ift.tt/yv28a7A Follow CBS News on Twitter: http://twitter.com/cbsnews Subscribe to our newsletters: http://cbsn.ws/1RqHw7T Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: licensing@veritone.com
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