U.S. Federal Reserve eases support for markets, looks to control inflation

Global Business

The U.S. central bank announced it’s to start reducing the $120 billion a month it’s been pumping into the economy for more than a year to support it through the pandemic.

That’s a straightforward step compared to two critical and intertwined next moves: controlling inflation and figuring out how much to raise interest rates without harming the economy.

CGTN’s Owen Fairclough reports.