The U.S. Federal Reserve raises interest rates again in an effort to tackle high inflation. We’ll discuss what the decision means for the U.S. and global markets. 

A strong labor market and high inflation prompted the U.S. Central bank to raise interest rates by a quarter-point on Wednesday.  U.S. Federal Reserve Chair Jerome Powell said the collapse of the Silicon Valley Bank weighed heavily on the decision but gave assurances the banking system is sound and resilient.  

Joining the discussion: 

• John Gong is a Professor of Economics at the University of International Business and Economics. 
• Klisman Murati is the Founder of Pareto Economics, a global affairs research consultancy. 
• John Quelch is a professor with the Miami Herbert Business School at the University of Miami. 
• Anthony Chan is a former Chief Economist with JPMorgan Chase and Company.

JUST IN: The Federal Reserve has raised interest rates for the ninth time in a row, opting to continue its campaign against high inflation despite stress from the recent collapse of two banks.https://t.co/9OgvYjXfaq

— NPR (@NPR) March 22, 2023

NEW: Fed Chair Jerome Powell announces 0.25% interest rate hike: "My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power, especially for those least able to meet higher costs of essentials." https://t.co/b33HbMGrFa pic.twitter.com/N3Z6iiOc9o

— ABC News (@ABC) March 22, 2023