Mar 14, 2022

It’s interest-rate week at the Federal Reserve

Federal Reserve chief Jerome Powell has turned his efforts toward containing inflation. The employment cost index is one of the economic indicators the Fed examines in setting monetary policy. Graeme Jennings-Pool/Getty Images

This week, we'll hear from the Federal Reserve about its plans for interest rates. After a two-day meeting, Federal Reserve Chair Jerome Powell will have a press conference Wednesday. The Fed is expected to raise interest rates, and it's a decision that affects everyone. As financial markets react to the Russia-Ukraine war, they also tell us things about economic and geopolitical risk. From the BBC, we hear about a Ukrainian-born, award-winning chef who has transformed her East London kitchen into an aid center to help family and friends in Ukraine.