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PBS News Hour - Full Show

September 20, 2023 - PBS NewsHour full episode

PBS News Hour - Full Show

PBS NewsHour

News, Daily News

4.52.2K Ratings

🗓️ 20 September 2023

⏱️ 53 minutes

🧾️ Download transcript

Summary

Wednesday on the NewsHour, the Federal Reserve holds off on raising interest rates further, but consumers still feel the pain of past hikes with mortgage rates at their highest level in more than 20 years. Then, tensions rise between Canada and India after the killing of an outspoken Sikh leader. Plus, jobs that require state licenses remain out of reach for many people with criminal records. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

And I'm Jeff Bennett on the NewsHour tonight.

0:10.4

The Federal Reserve holds off on raising interest rates further, but consumers still feel the

0:15.9

pain of past hikes, with mortgage rates at their highest level in over 20 years.

0:21.4

Tensions rise between Canada and India after the killing of an outspoken sea cleater in

0:27.2

British Columbia.

0:29.0

And despite employment being a key factor in keeping people out of prison, jobs that

0:34.3

require state licenses remain out of reach for many people with criminal records.

0:40.4

Although I'm free, I'm still incarcerated because I still have to deal with knows and

0:47.7

with jobs.

0:48.7

I could forget about even trying to apply for them.

0:57.2

Good evening and welcome to the NewsHour.

1:05.5

The Federal Reserve is leaving interest rates unchanged, a sign of a resilient economy

1:10.6

as policy makers fight inflation.

1:12.9

But Fed officials also acknowledged a long road ahead to reaching their 2 percent inflation

1:17.8

target, signaling they could raise rates once more this year.

1:21.9

Fed Chairman Jerome Powell said the central bank will proceed with caution.

1:25.6

Well, we decided it was maintaining the policy rate in a way further data.

1:29.8

We want to see convincing evidence really that we have reached the appropriate level and

1:34.4

then we're seeing progress and we welcome that.

1:38.6

But we need to see more progress before we'll be willing to reach that conclusion.

1:45.7

Stocks tumbled on Wall Street today amid concerns about future rate hikes that Dow Jones

1:50.6

industrial average lost 77 points to close at 34,441.

...

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