u. s. central bank had kept borrowing costs near 0 to help the economy recover from the pandemic. fed chairman jerome powell also says, further rate hikes on likely in the near future. and james sweeney joins us from new york as always, james 1st rate hikes in 2018. what does this say about the state of the u. s. economy? well, to no surprise that the price is for many months the fed height, its interest rates $25.00 basis points. the 1st increase in 2018. and if you're asking, what does this mean about the state of the economy? well, it looks like the fed, it's finally taking those 1st steps needed to curb the highest inflation reed since the 1980s look, inflation is not going anywhere anytime soon. in fact, the central banks projections today also said that they expect inflation to remain elevated thing that we should end this year at 4.3 percent. and that's way more than the feds 2 percent annual target. and inflation is so high already. and one rate hike is a good start, a good much needed start. but if you want to know what this particular read high can possibly several more means for the

u. s. declared that any assets held by the central bank of russia in the u. s. such as gold will be declared and accessible. i'm sure russia central bank took notice of that took it seriously. and even last week, when president joe biden threatened russia's business, the lead by saying that we're going to come and get your ill be gotten gains during the state of the union address. i'm pretty sure rush and business owners and the government took that seriously. and then we have rushes response, the back and forth continues. yes, so all the likes of mcdonalds, coca cola, starbucks expecting the russian government to react to that pulling out of the country. these companies that are still in russia, the must expect retaliation when it comes to russia. these last 2 weeks. one thing we've learned is that their actions are hard to predict and well, it is, isn't it better to be safe than, sorry. and these are in some small mom and pop shops, or some guy renting, trying to sneak out and disappear overnight from a landlord after not paying rent. these are multimillion

u. s central bank.he reports to be filed, insiders say a significant policy shift could come after those findings. time is now 6 17 this morning, vincent matthews, san francisco school superintendent will show how important breakfast is for children. he's going to sit down, enjoy breakfast with students and teachers in the school yard today, san francisco public schools served more than 37,000 meals every day at 136 schools around the city superintendent matthews ate meals with school kids before the pandemic, encouraging healthy eating. and we have some healthy breakfast tips for you, nutritionists say, adding yogurt or cottage cheese to your breakfast will provide you with plenty of nutrients and protein making you feel full consumer reports taste testers have some suggestions for healthy cereals. yes, okay. all of our top rated cereals contain whole grains, which are linked to lower rates of heart disease, cancer, diabetes, and now you can find added sugar on the label and keep that number under six

u. s. is central bank, the u. s. of course. sanctions the taliban as does the un for its rule in the attacks of a $911.00. so the united states was very clear that it did not want to do anything that would recognise or give legitimacy to the taliban while at the same time, acknowledging that funds need to get into the country to help the people there in a humanitarian way. and with the economy on the verge of collapse, and of course, that did not sit well with the russians, who abstained from this vote at the mandate is actually weaker. some would argue in language, in terms of refresh reflecting the current reality on the ground. but this allows the united nations to continue its work there to get assistance into the people without formally recognizing the taliban itself, which was the goal. it also includes some mandate for the united nations to oversee human rights in the country, which is a big concern for the west as well. that's also under the mandate, but no direct engagement with the town then. okay, thank yo

u. s. is witnessing its currency and many a wondering if they might be targeted next. but what makes a dollar so special? why does nearly every central bank in the world stockpile the u. s. currency and invest in american bonds? the dollar has been preserving at status for decades, and the secret ingredient is oil. a quick dive into history. back in 1974. saudi arabia was the world's biggest oil producer. and it just shaken the western world with a major oil embargo, a punishment for supporting israel in the yom kippur wolf, the u. s. was an important 70 percent of its oil and embargo hit it hard to got themselves against the possible oil shocks of the future. the nixon administration off at the saudis a deal the u. s. agree to supply the saudis with military aid and equipment in exchange, saudi arabia agreed to accept the dollar as a de facto means of exchange in the oil market. from that moment, every oil contract with saudi arabia had to be priced in the u. s. currency. the rest of the opec countries followed suit. the patriot on his system was born. imagine a chocolate pie in a room full of hungry people. if one wants to grab a bite t

u. s. is announced a new round of economic sanctions. this time targeting russia's central bank, one senior white host official says they want to drive the russian economy backwards. well, to be put in is pushing his tanks forwards into ukraine. they want to drive up inflation drive down investment possibilities and cripple the purchasing power of the kremlin. the state department revealed, it was also going after the money and assets of those closest to the russian leader . and we are standing up a joint task force to find and freeze assets of sanctioned russian companies. oligarchs, and other government officials. these actions will. busy severely impact prudence in our circle impede the kremlin use of international reserves, and limit its ability to fund ongoing the stabilizing activities, including the kremlin war machine, and ukraine has increased russia nuclear let level, which prompted reporters to ask the us president. if americans should be worried by the threat of nuclear war, he shot, i don't mess with a one. what answer or no? one top us senator, the head of the inte

u. s. facing inflation on wednesday, the european central banks that it would speed up its act that from pandemic stimulus that as energy prices drove inflation to a record 5.8 percent. in february. earlier i spoke to economist stephanie kennedy from wealth manager julius bear. i asked her if the e was at risk of stagflation, the toxic combination of high inflation and low growth. yes, it definitely seems like it, but actually we're coming from a quite good growth perspective. so we have a strong, strong household balance sheet, strong corporations, and also consumption is very strong. so we have actually seen the effects, the negative effects on the economy receiving from the pandemic. so what we were hoping to see now is an exploration in the 2nd quarter, and i think that this is the case. it might of course b, a previously expected. but for now in a recession scenario explanation scenario. we've heard already about rising energy prices, that rising food costs are also a major concern. the conflict and ukraine could spark a food crisis as russia and ukraine are both major food producer

u. s. and this follows the central bank orders to ha, now halt. foreigners busy to sell russian securities in an effort to contain this market fallout. the rubel fell as far as 30 percent from friday's close before perry some losses, but it's still down roughly 20 percent against the dollar in the last year. and the bank also said that it would be freeing about $8780000000.00 in local bank reserves to boost equity. so all of these dramatic steps together, they underlined fears of a run on rushes banks, and already there are huge lines to withdraw. cash at 18th in russia, and the banks have reported significant outflows of deposits in a very short period of time. wow, that's a lot of concern that's continuing going from the top down to the average people there. now, when it comes to the measures of the u. s. u in the u. k. are taking against russia right now. what do we know and do we know what exactly is being cut off from the switch payment system so far? well, over the weekend, the us european allies in canada, they agreed to cut off key russian banks from the swift messaging system whic

u. s. and this follows the central banks orders to ha, now halt. foreigners busy to sell russian securities in an effort to contain this market fallout. the rubel fell as far as 30 percent. friday's close before pairing some losses, but it's still down roughly 20 percent against the dollar in the last year. and the bank also said that it would be freeing about $8.00, a $1000000000.00 in local bank reserves to boost liquidity. so all of these dramatic steps together, they underlined fears of a run on rushes banks, and already there are huge lines to withdraw. cash at 18th in russia, and the banks have reported significant outflows of deposits in a very short period of time. while it's a lot of concern that's continuing going from the top down to the average people there. now, when it comes to the measures of the u. s. u and the u. k. are taking against russia right now. what do we know and do we know what exactly is being cut off from the swiss payment system so far? well, over the weekend, the us european allies in canada, they agreed to cut off key russian banks from the swift messaging sy

u. s. announce additional restrictions on russian central bank. bernard smith as the details from moscow. nervous about whether debit and credit cards might stop working a sanctioned bite. some russians stocking upon cash. soon they'll begin to feel the financial pain of their president's decision to invade ukraine with interest rates more than doubled 20 percent. and the rubel plunging 30 percent against the dollar . knowing that we are planning to buy a flat. so for us, it is very important that we were hoping to have a certain interest rate. now it will be totally different. the way of us, of course, i am worried anyway, 1st of all, the situation with the doll is unclear. and what about foot prices? we are in a debt and situation. there is no way out for people. russians have been promised that central bank reserves of more than $630000000000.00 will help cushing the economy from sanctions. but much of this money is in foreign banks. sanctions will make it very difficult to get any of it back to moscow. one russian economist told al jazeera, it's a completely unprecedented situation f

u. s. financed additional restrictions against its central bank. bernard smith, as more from moscow, nervous about where the debate and credit cards might stop working a sanctioned bite. some russians stocking upon cash. soon they'll begin to feel the financial pain of their president's decision to invade ukraine with interest rates more than doubled 20 percent. and the rubel plunging 30 percent against the dollar . knowing that we are planning to buy fled to. so for us, it is very important that we were hoping to have a certain interest rate. now it will be totally different. the waiver, of course, i am worried anyway. first of all, the situation of the dollar is unclear. and what about foot prices? we are in a debt and situation. there is no way out for people. russians have been promised that central bank reserves of more than $630000000000.00 will help cushing the economy from sanctions. but much of this money is in foreign banks. sanctions will make it very difficult to get any of it back to moscow. one russian economist told al jazeera, it's a completely unprecedented situation for the

the g 7 whose leaders announced that they'll restrict the russian central banks use of gold, major wheat producers, canada and the u. s. said they would increase exports to try to minimize the looming global food security crisis caused by russia's invasion of ukraine. then came the e u summit. e leaders did agree a deal with biden to buy more liquefied natural gas from the u. s. we will present um a newer chapter in our energy partnership. it is about additional ellen g from the united states for the european union of us replacing the russian. ellen g we have so far an important step forward. 1000 kilometers away from the talks. the war raged on in ukraine. from the capital cave war valorem zalinski sent this message to the world. the war continues, the x off to her or against peaceful people go on one miles already. that long, it breaks my heart, heart of all you brains, and every free person on the planet. that's why i ask you to stand against the war . but back in brussels, every one knows. it will take more than solidarity to bring europe's worst crisis since world war 2. to an end. let's go back to brussels, our

the g 7 whose leaders announced that they'll restrict the russian central banks use of gold, major, wheat producers, canada and the u. s. said they would increase exports to try to minimize the looming global food security crisis caused by russia's invasion of ukraine. then came the e u summit. joe biden would like to see his european counterparts do more to put pressure on russia, especially by targeting the energy sector in sanctions. for his part. biden's administration has ended all of the united states of energy and heard from russia, each member countries that poland in the baltic states, one figure appeared, union to do the same. but that has been rejected by countries whose economies depend on russian gas. among them is germany, whose chances are all of short said, a ban on russian energy would plunge his country and europe into recession. buddy, you, lead is did agree a deal with biden to buy more liquefied natural gas from the u. s. we will present um, a new chapter in our energy partnership. um, it is about additional energy from the united states for the european union of us replacing the russian elegy we h

central banks use of gold. major wheat produces canada, and the u. s. said they'd increase exports to help combat the growing food security crisis caused by russia's invasion of ukraine. now, luckily, but ukraine's president appealed for more military support and called out the block for not taking action against russia fast enough, yet. with the flawless oxy, you've a plight, sanctions and we're grateful, civil building, these are powerful steps, could be but it was a little late. we civil war because of the was preventive club. russia would not have gone to war. no one knows for sure. but at least there was a chess with nearly 4000000 ukrainians having fled the war by then announced plans to welcome 100000 refugees as he had to poland to assess the humanitarian situation on the border with ukraine. while the west office assurances by piling more pressure on russia and pivoting away from its energy supply, the fighting rages into its 2nd month urgency to find peace and stability has never been more pressing on his hours after agreeing on a new energy d

u. s. dollar. in an attempt to prop up the ruble, rushes central bank has doubled its key interest rate to an unprecedented 20 percent. so let's take this chance to get a recap of some of the sanctions leveled at russia. the european union and its allies have agreed to block major russian banks from the swift global payment system. western nations have put other tough restrictions on russian banks. they've also caught the ability of the russian state to access capital markets. their asset freezes and cromwell bands for a number of individuals, including russian president vladimir putin, himself, as well as politicians and oligarchy, who are close to him and other sanctions target the technology sector. the e. u will stop supplying high tech components and software to russia and the u. s. says it will restrict rush has access to semiconductors, computers and telecoms equipment central im here in the studio now for more is steven and beardsley from the business. hi, stephen of rubel, its plummeting. does that mean that western sanctions are already having an effect response of the sanctions? we could say, ri

u. s. dollar. and an attempt to prop up the ruble, rushes central bank has doubled its key interest rate to an unprecedented 20 percent. was take this chance to recap of some of the sanctions leveled at russia. the european union and its allies have agreed to block major russian banks from the swift global payment system. western nations have put other tough restrictions on russian banks. they've also caught the ability of the russian state to access capital markets or asset freezes and travel bands for a number of individuals, including russian president vladimir putin, himself, as well as politicians and oligarchy, who are close to him. other sanctions target the technology sector, the you will stop supplying high tech components and software to russia, and the u. s. says it will restrict rushes access to semiconductors, computers and telecoms equipment. sandra im here in the studio now for more is steven and beardsley from helping you with fitness. hi stephen of rubel, its plummeting. does that mean that western sanctions are already having an effect? a response to the sanctions? we could say, right. we

g 7 leaders announced that they'll restrict the russian central banks use of gold, major, wheat producers, canada, and the u. s. that they'd increase exports to help combat the growing food security crisis caused by russia invasion of ukraine nail. luckily, but ukraine's president appealed for more military support and called out the block for not taking action against russia fast enough. he has added with this, the smaller sanity, uva plight sanctions. and we're grateful to pulling these are powerful steps to keep these, but it was a little late. we civil war because of the was preventive club. russia would not have gone to war. no one knows for sure. but at least there was a chairs with nearly 4000000 ukrainians having fled the war by the announce planned to welcome 100000 refugees before leaving for poland to assess the humanitarian situation on the border with ukraine. while the west or for the children says by piling more pressure on russia and pivoting away from its energy supply, fighting ranges on into its 2nd month urgency to find peace and stability has never been more pressing. german chancellor off

u. s. dollar. in an attempt to prop up the ruble, russia central bank has doubled its key interest rate to an unprecedented 20 percent. was take this chance to recap of some of the sanctions leveled at russia. the european union and its allies have agreed to block major russian banks from the swift global payment system. western nations have put other tough restrictions on russian banks. they've also caught the ability of the russian state to access capital markets, their asset freezes and trouble bands for a number of individuals, including russian president vladimir putin, himself, as well as politicians and oligarchy, who are close to him. other sanctions target the technology sector, the e u will stop supplying high tech components and software to russia. and the u. s. says it will restrict rushes access to semiconductors. computers and telecoms equipment says right here in the studio now for more is stephen apparently from helping you with fitness. hi stephen of the rubel. it's a plumbing. does that mean that western sanctions are already having an effect? a response to the sanctions. we could say, ri

the g 7 whose leaders announced that they'll restrict the russian central banks use of gold, major wheat producers, canada and the u. s. said they would increase exports to try to minimize the looming global food security crisis caused by russia's invasion of ukraine. then came the e u summit. e leaders did agree a deal with biden to buy more liquefied natural gas from the u. s. we will present um a new chapter in our energy partnership. it is about additional energy from the united states for the european union, thus replacing the russian. ellen gee, we have so far an important step forward. 1000 kilometers away from the talks. the war raged on in ukraine. from the capital, keith war valorem zalinski sent this message to the world. the war continues the x, after or against peaceful people go on one mass already. that long, it breaks my heart, heart of all you grants and every free person on the planet. that's why i ask you to stand against the war. but back in brussels, every one knows. it will take more than solidarity to bring europe's worst crisis since world war 2 to an end. and our brussels bureau chief, alexand

u. s. is announced a new round of economic sanctions. this time targeting rushes central bank, one senior white house official says they want to drive the russian economy backwards, while vladimir putin is pushing his tanks forwards into ukraine. they want to drive up inflation. dr. don't investment possibilities. and cripple the purchasing power of the kremlin. yes, state department revealed, it was also going after the money and assets of those closest to the russian leader . and we are standing up a joint task force to find and freeze assets of sanctioned russian companies. oligarchs, and other government officials, these actions will severely impact putin's inner circle impede the kremlin use of its international reserves, and limit its ability to find ongoing destabilizing activities, including the kremlin war machining ukraine couldn't, has increased russia nuclear, to let level, which prompted reporters to ask the u. s. president. if americans should be worried by the threat of nuclear war, he shot that idea. don't there with a one word answer or no one talk us senator.

u. s. u. k. and european aerospace, the u. k is also banned the private jets chartered by russians and western countries of frozen the assets of russia. central bank cut in the country all from $630000000000.00 in foreign currency reserves. some russian banks have been removed from the international financial messaging system. swift and hundreds of members of russia's government then business leaders, known as oligarchs, have been independently sanctioned or diplomatic editor. james base has more from brussels. e, u foreign ministers meeting earlier this week. in the 4 weeks since the invasion, they've already agreed for packages of sanctions, which was some of the toughest ever imposed, as well as a fund of over a $1000000000.00 to buy weapons for ukraine. i asked the used top foreign affairs official about further measures when the leaders meet here soon. do you expect that to be further? sanctions adopted this week and could they be extended to the energy sector for amolla? adoption of sanctions require procedure. and i don't think, dude, in these wake, you will be a former adoption of sanctions, according with our procedures. the reason is thi

u. s. dollars. how could we let that happen? pro rated 0 man. managing reserves is complicated sure to day wrong and criticize the central bank and the finance ministry saying they should have protected the money, et cetera. trust me, it's not all that simple. creating wealth is hard and keeping it even harder. what we see now is that our accumulated wealth, and that's not the wealth of some individuals, but the money that belongs to all russians. these reserves, literally and economically, the property of all russian people. we see they have be seized in order to make people's lives worse. to so chaos among us to make our people resent the government or act against it in some way. why did this happen? because there are rules of asset management and what happens is we are being treated in the toughest way possible. i don't what either was economic warfare or the like freezing and seizing the assets of any control central bank is the toughest economic sanction you can take period to this campaigning. as russia we are experiencing a massive attack on all the russian people. a wealth has been taken from us or nothing about yachts, p

u. s. dollars. me know, how could we let that happen? pro rated a 0 man. managing reserves is complicated. sure. today, wrong can criticize the central bank and the finance ministry thing. they should have protecting the money, et cetera. trust me, it's not all that simple. creating wealth is hard and keeping it is even harder. what we see now is that our accumulated wealth, and that's not the wealth of some individuals, but the money that belongs to all russians. these reserves, the literally, economically the property of all russian people. we see it, they have be seized in order to make people's lives worse to so chaos among us to make our people resent the government or act against it in some way. why did this happen? because there are rules of asset management and what happens to us is we are being treated in the toughest way possible. i don't, what is the was economic warfare or the like freezing and, and seizing the assets of any control central bank is the toughest economic sanction you can take period to this campaigning. as russia, we are experiencing a massive attack on all the russian people, a wealth has been taken from us or