Federal Reserve Chair Jerome Powell announces the Fed will hold off on raising the benchmark interest rate and will not react to temporary inflation pressures, warning that "ill-timed policy" could be "particularly harmful" as the US continues its economic recovery from the coronavirus pandemic. Kicking off an online economic symposium, Powell also stresses that the US economy is on track to return to a strong labor market despite the continued spread of the Delta variant. SOUNDBITE

Interested in licensing this video ? Get in touch 👉 http://u.afp.com/UBbQ
N.B.: AFP’s services and content are for professional use only