tells me how it s a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i m going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i m going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. here s a quote. the dollar is our currency, but it s your problem. that s what the then us treasury secretaryjohn connally famously told some of his european counterparts back in 1971. and 50 years on, it seems as true as ever. us policymakers, they re trying to clamp down on the cost of living crisis and the impact of that? it s being felt all over the world. politicians and central bankers everywhere are fre
but the invading troops aren t giving up. they are trying desperately to change the narrative here, and the reality that most russian forces in ukraine are on the retreat. and.the rugby league world cup gets underway a year late as hosts england take on samoa in the opening game of the tournament at newcastle. good afternoon. the new chancellor, jeremy hunt, today indicated major changes to liz truss economic strategy. in a round of interviews, mr hunt said mistakes had been made by the government and warned of what he called very difficult decisions ahead. he suggested taxes could rise to help restore market confidence and refused to rule out spending cuts, saying every government department would be asked to make new savings. mr hunt was appointed yesterday after the prime minister sacked kwasi kwarteng. here s our political correspondent, ione wells. well. hours into his newjob, the chancellor was tasked with setting out his stall, a very different one from the one
i mean, this is a function of, the dollar is a function in part of what the fed is doing. and the fed s main policy objective right now is to lower inflation in the us. and if it comes at a cost, that is, slower growth, well, they re willing to incur that cost and they ve told us that. outside the us, i think that s where there is greater pain because there are countries, obviously, the flipside of a strong dollar is weaker currencies for the rest of the world. and there, the policymakers are struggling more because obviously everybody is trying to get inflation to be lower, and if their currencies are weakening, that actually puts an upward pressure on inflation. if countries are feeling the pain, suffering from a strong dollar, i was going to ask you, if anything they could do about it? they could either raise interest rates, so that attracts foreign capital flows but obviously, that comes at a cost and in an environment in which global growth is weakening, the other part of that pol
the governor of the bank of england was the interest rates might need to go was the interest rates might need to 9° up was the interest rates might need to go up by more than expected following the government is a mini budget last month. manchester united footballer mason greenwood is arrested for allegedly breaching bail conditions that were set after he was taken into custody on suspicion of rape and assault injanuary. more than a0 turkish miners are now known to have died following an underground explosion dozens of others were injured. now on bbc news, talking business with aaron heslehurst hello, everybody. a very warm welcome to talking business weekly with me, aaron hazelhurst. let s go and take a look at what s on the show. the great dollar dilemma. the us currency is at a 20 year high, but why is it causing problems for the rest of the world? it might be good news for americans getting more bang for their buck, but is the strength of the world s most reliable currency makin
the governor of the bank of england was the interest rates might need to go was the interest rates might need to 9° up was the interest rates might need to 9° up by was the interest rates might need to go up by more than expected following the government is a mini budget last month. manchester united footballer mason greenwood is arrested for allegedly breaching bail conditions that were set after he was taken into custody on suspicion of rape and assault injanuary. more than a0 turkish miners are now known to have died following an underground explosion dozens of others were injured. now on bbc news, talking business with aaron heslehurst hello, everybody. a very warm welcome to talking business weekly with me, aaron hazelhurst. let s go and take a look at what s on the show. the great dollar dilemma. the us currency is at a 20 year high, but why is it causing problems for the rest of the world? it might be good news for americans getting more bang for their buck, but is the stren