rates which distorted the credit markets and now we re paying the price for it. the fed should let the market set the interest rates and let the economy have a chance to readjust to new realities and post lock down world and set their own interest rates rather than central bankers. so this slow down we re getting is unnecessary. martha: fascinating. here s jerome powell cautioning against loosening his monetary policy and signalling that he s going to keep going. the opposite of what you re saying, steve. historical experiences cautions and prematurely loosening policy. i would say it this way. i wouldn t see us considering rate cuts until the committee is confident that inflation is moving down to 2% in a sustained way. that s the test that i would articulate. martha: mark, what are you telling investors right now? what i m telling investors,
nations suffering the most. our economics in our correspondent faisal islam is outside with more. , ., , faisal islam is outside with more. ,.,, ~ faisal islam is outside with more. ., more. the post lock down nettina more. the post lock down getting messy. more. the post lock down getting messy. the - more. the post lock down - getting messy. the important meetinu getting messy. the important meeting message getting messy. the important meeting message and - getting messy. the important meeting message and it s - meeting message and it s important to note that compared to this time last year, in the depths of the pandemic as we ve been hearing, the economy is growing and jobs numbers are better than we thought they were going to be. however, that good news is not spread equally around the world, and in particular developing economies with low vaccination rates are a particular source of concern but even in those economies, there is a concern about inflation. we are already seeing