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conference was whether this rate increase was the last or would it hike again later this year. fed chair, jerome powell, would not be drawn. i would say it is certainly possible we would raise funds again at the september meeting, if the data warranted it, and i would also say it is possible that we would choose to hold steady at that meeting. mr powell was clear however that the fight against inflation is not over. policymakers inside america s central bank remain concerned that the world s biggest economy, well, that it is still growing too fast for inflation to fall back to its 2% target. everything from travel bookings to the sale of concert tickets, and even the success of the barbie movie s opening weekend at the box office, were all signs that americans are still spending. the latest us growth figures, due out on thursday, are likely to confirm a moderate expansion. so, for now, the fed is still hoping it can get inflation under control without triggering a reces ....
federal loan payments. none of them have to pay any of these loans back until january of 2023. president claiming that this targeted approach will actually have a positive effect, he says, on lowering inflation. but tax experts and republicans think that those numbers do not add up. this is senator tom cotton. watch this. the president doesn t have the power just to unilaterally on his own eliminate entire categories of de. of all the dumb things joe biden has done this is the dumbest yet. a terrible policy that will harm many more americans that it will help. a former obama economic advisor pushing back as well pouring roughly half a trillion of gasoline on the inflationary fire that is already burning is reckless, says jason fuhrman who was with the obama/biden administration and thinks it is a very bad move. jacqui heinrich joins us now live with more. good morning, martha. it is not just the press secretary refusing to admit that taxpayers are footing the bill ....
now for the latest financial news, with sally bundock and world business report. microsoft, amazon and expedia team up with washington state in a bid to defeat president trump s travel ban, saying it is unconstitutional and damages the economy. more fines for deutsche bank, this time for its connections with a russian money laundering plan. welcome to world business report. i m sally bundock. also in the programme: shares in sony fall during trade in tokyo. rico will have the details. but first: technology giants are ramping up their battle against president trump s travel ban. washington state s attorney general is filing a lawsuit arguing the ban, which covers seven countries, is unconstitutional. amazon and expedia have both made court submissions on how the executive order is impacting their businesses. microsoft is also backing the lawsuit which aims to overturn the travel ban, and will even testify if needed. and it is notjust tech firms. ford s chief executive, m ....
at formula one recently. and a little later in the programme we ll be speaking live to the boss of one of the big teams in the sport mcclaren. zach brown also has lots of other roles. so today we want to know, what would you like to ask him? let us know. just use the hashtag #bbcbizlive. 0k, everybody is going, what does trump on, trump of mean? i would explain why we get to the markets! welcome to the programme. we start with facebook, because despite predictions of a slowdown, the world s biggest social network keeps getting more popular, more profitable and more powerful. late on wednesday it reported quarterly numbers that were much better than expected. they round off another year of rapid growth that has seen it become one of the biggest advertising businesses on the planet. its massive reach has also raised concerns about the amount of influence it can have, and the reliability of information that s shared on it. so we put a little something together for you. j ....
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