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hello there. we start in the us, where the federal reserve has signalled the era of ultra cheap money is coming to an end sooner and faster than anyone was expecting. the world s most powerful central bank says it will stop pumping money into the bond market next march and may raise interest rates three times next year, with further rises to come. the us economy has recovered strongly from the pandemic and for the fed the big worry now is soaring inflation, which has hit a ao year high. samira hussain reports from new york. to know one s great surprise, fedi chairjerome powell is now saying that inflation is a problem he probably needs to address. now, the chair of america s central bank had already said back in november that we could no longer really describe inflation as transitory. while now, in this latest press conference after the fed policy meeting, mr powell was a great pains to admit that actually risks to persistent inflation have increased. persistent inflation ....
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