![Jerome Powell, chairman of the US Federal Reserve. AFP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/U2WOMY7NLZR6RZ574RPOBGIYZE.jpg?smart=true&auth=10dc71de123e23a8ad5d7aea84897f9eb92d50d934ce29056e03e185e841f758&width=400&height=225)
Jerome Powell, chairman of the US Federal Reserve. AFP
Jerome Powell, chairman of the US Federal Reserve. AFP
Federal Reserve raises interest rates by 25 basis points after banking turmoil
Fed Chairman Jerome Powell says US banking system is 'sound and resilient', and indicates central bank may soon pause rate rises