Fed Holds Rates Steady, Dims Economic Outlook

单集文稿 ...

• 00:03

  The Fed holds rates steady as it dims the economic outlook.

• 00:07

  Plus,

• 00:07

  Chinese leader Xi Jinping is angry about a deal for the control of two Panama Canal ports that Trump counts as a win.

• 00:14

  Xi originally planned to use the issues over Chinese interests in the Panama Canal as a bargaining trip in negotiations with the Trump administration.

• 00:28

  But the deal basically pulled Rock out from from under him even before any negotiations started.

• 00:36

  And Columbia University is getting close to yielding to President Trump's demands in an effort to regain its federal funding.

• 00:43

  It's Wednesday, March 19th.

• 00:45

  I'm Alex Zosaleh for the Wall Street Journal.

• 00:48

  This is the PM edition of what's News,

• 00:50

  the top headlines and business stories that move the world today.

• 00:55

  The Federal Reserve extended its wait and see posture on interest rates

• 00:59

  while marking up its forecast for inflation and revising down its outlook for growth this year.

• 01:04

  At its policy meeting today,

• 01:05

  the central bank held steady its benchmark federal funds rate at around 4.3% as the Fed assesses how policy changes by the Trump administration could reshape the economic outlook.

• 01:16

  In his comments after the meeting,

• 01:17

  Fed Chair Jerome Powell said that progress on inflation could be delayed this year.

• 01:22

  Growth looks like it's maybe moderating a bit,

• 01:24

  consumer spending moderating a bit, but still at a solid pace.

• 01:28

  Unemployment's 4.1% job creation most recently has been at a healthy level.

• 01:33

  Inflation has started to move up now, we think partly in response to tariffs,

• 全部文稿