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Transcripts for BBCNEWS World Business Report 20220106 05:36:00

to raise interest rates as early as march. that s according to notes from the federal reserve latest meeting. with inflation soaring, fed officials have been considering removing support from the economy faster than anticipated as samira hussain reports from new york. the federal reserve started doing two things when the pandemic first hit america s shores and rocked the world s largest economy stop it instituted a method on buying programme which provided much needed fuel to the economy and financial markets and it also cut interest rates to near zero which made it cheap to borrow money, which encourage people to spend money. but inflation is now skyrocketing, heading levels not seen in almost for years so now fed officials are looking at removing its support of the us economy faster than it had originally intended. it has already started reducing its bond buying programme and it will speed up that process by doubling how fast uses asset

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