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 and ec
and economic and financial well being and economic and financial well being we and economic and financial well being. we will make that determination meeting by meeting. determination meeting by meetinu . determination meeting by meeting- determination meeting by meetinu. , , ., meeting. the risers have slow urowth meeting. the risers have slow growth in meeting. the risers have slow growth in the meeting. the risers have slow growth in the united - meeting. the risers have slow growth in the united states i meeting. the risers have slowi growth in the united states by making it more expensive to borrow money and inflation is starting to come down but there have been some unexpected knock on effects of the rate hikes, they played a part in the banking crisis with three banks collapsed in less than two months, so while the federal reserve has been successful in slowing the economy and prices without plunging the country into recession, the trickiest moment may have arrived, at