The US Federal Reserve has decided not to raise interest rates again on Wednesday, following a series of hikes that took the cost of borrowing to a 22-year high.
But Chair Jerome Powell says he's still willing to tighten monetary policy in the future in a bid to bring down inflation, hinting that rates might also be staying higher for longer.
Benji Hyer reports.
IN: America's central bank
OUT: SOC
DUR: 36 secs
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