is to ease the cost on businesses, make sure they can continue to survive through this difficult period of time, and prayed through a higher inflationary environment. but we need conditions right to enable businesses to grow and that simply isn t there at the moment. kate nicholls speaking for the uk hospitality industry, thank you forjoining us. the federal reserve and the us has warned that the us could fall into recession, basing questions from senators in washington, the head of the central banks that he was committed to bringing down soaring inflation up bringing down soaring inflation up after the steepest rise in interest rates and 30 is lovely. here is what he told the democratic senator. with respect of interest rates, if they go to high, too fast, this could drivers into our recession? it is certainly a possibility, but it is certainly a possibility, but not it is certainly a possibility, but not our intended outcome at all. but not our intended outcome at all it but no
trillion, but there were some congresswomennics, it was exceeding $5 trillion, and by no of 2021, biden signed into law a spending package on infrastructure, $1 trillion there. of course, by the time russia invaded ukraine, we alreadied had an inflation rate of 7.9%. no surprise we re at 8.3% today. is going to get worse? is and no one is taking responsibility for this in the biden administration. he s calling us every name in the book, looking for scapegoats here in america with the previous president or trying to blame this on vladimir putin. as you said, this was well underway before putin waged his war on ukraine. it wouldn t be happening if joe biden had not waged war on american energy in the first place. throwing more money at the problem is not the way to do it. the stimulus package that he created back in march of 21 was like pouring gas onto the inflationary environment, and the continued talk about $5 trillion, 6 trillion, 7 trillion packages just creates an
Fasten your seatbelt packed 30 minutes coming up. As youve heard us President Biden meets russian counterpart Vladimir Putin in geneva today the first time as president s. Many are asking with Us Russia Relations at a low point will there be anything they can agree on . Russia recently included the us on its official list of unfriendly states and both sides describe relations as at rock bottom. All this Political Tension pours over into business with sanctions hindering meaningfull trade, commercial ties between the countries have also reached a low. Philip worman is Managing Director of gpw group, a Political Risk consulting firm. Good morning. Good morning. What do you good morning. Good morning. What do you think good morning. Good morning. What do you think may good morning. Good morning. What do you think may be what do you think may be achieved here, if anything, what do you think may be achieved here, ifanything, by these two meeting today . I think the first victory is that the
The highest inflation in decades and the Federal Reserve's looming campaign to hike interest rates in order to stem those price pressures are top investor concerns in 2022.