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in the united states where the central bank, the us federal reserve, has raised the cost of borrowing for the tenth time. the quarter percent rise puts the fed s main interest rate at between 5 and 5. 25% the highest it s been in 16 years. but has it done enough to tame inflation? or with banks struggling and recession looming, has the fed gone too far? our north america business correspondent samira hussain reports from new york. inflation remained stubbornly high, to try to get the cost of living back down to more normal levels the federal reserve has raised interest rates ten times in a little over a year, now it seems it may be ready to perhaps take a pause. the committee perhaps take a pause. the committee will perhaps take a pause. the committee will take - perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, le-s tightening of monetary policy, legs with which policy affects economic activity and inflation ....
hill. i m jim sciutto. the moment of impact, remarkable new video shows a russian fighter jet as it forced down a u.s. drone over, we should note, international waters. all of this played out just south of ukraine. 48 hours ago. video proof russia didn t tell the truth about this. i m going to walk you through what we learned from the new video just ahead. also today, janet yellen with a direct message to americans, your money, your bank deposits are safe. she is set to testify on the hill next hour. this, of course, as bank failures here in the u.s. in an unrelated and ill timed bank issue in europe is spooking so many. so this morning what you need to know. if the banking news feels like a lot, how about a little distraction? how about a little march madness. if your bracket isn t locked in, you are running out of time. but we have the guy to help you make the final decisions later this hour. we begin this hour with the incredibly newly declassified video showin ....
congress and trying to restore confidence. and cut ties with china or be banned. that is what we are watching this hour. thank you for being here. i m kate bolduan, and first to capitol hill where secretary treasury janet yellen is trying to assure the american people and the senate that the monetary system is sound. and they may get to the president s budget, but in light of that, her appearance there is taking on new appearance, because she is the first biden administration official to appear before the senate, and this is after the global financial markets have been rattled by another problem. credit suisse has been propped up by over $54 million from the swiss bank. this a look at where it is standing right now as christine romans is watching all of this for us. first, christine, start with janet yellen who is testifying now. she is speaking to congress, but speaking directly to the american people telling them that your money is safe here, and we have taken ste ....
reaching heatwave criteria in the south east. but for other parts of the country, nowhere near as hot. and not many of us do like extreme temperatures. then, surprise, surprise, if you have got any plans for the weekend, it looks as though it is all going to go bang. some of that energy has to go somewhere, reeta. ., ~ , ., that energy has to go somewhere, reeta. ., ~ i. ., .,, reeta. thank you, tomasz. that was reeta. thank you, tomasz. that was the reeta. thank you, tomasz. that was the sac reeta. thank you, tomasz. that was the bbc news - reeta. thank you, tomasz. that was the bbc news at l reeta. thank you, tomasz. i that was the bbc news at six. reeta. thank you, tomasz. - that was the bbc news at six. from the team at broadcasting house. you can keep up with the latest development is on the bbc news channel and on the website. now it is time for the news where you are. hello and welcome to sportsday. i m sarah mulkerrins. coming up, charges for a number of ....
the problem by buying more guns and having more guns in the country. another conservative mp calls on the prime minister to resign over downing street lockdown parties, and former cabinet minister andrea leadsom criticises him for unacceptable failures of leadership. # binley mega chippyl # binley mega chippy! and coming up, the once humble chip shop in coventry that s now a tiktok sensation. good evening. there s more misery for thousands of travellers with the tour operator tui announcing the cancellation of six holiday flights a day from manchester airport until the end ofjune. this afternoon, tui confirmed that 3a,000 holidaymakers have been affected by the month of cancellations at manchester airport. like other travel companies, it s blaming staff shortages after the pandemic. but the government says the airline industry has had months to prepare, as gareth barlow reports. it s set to be one of the busiest travel periods of the year, travel periods of the year ....