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The US Federal Reserve has raised interest rates by 0.25%, bringing their benchmark interest rate to the 4.75%-5.00% range. The Fed Chair Jerome Powell said the US banking system was strong and resilient, as he announced the latest rate rise.

Presenter Roger Hearing discusses this and other global business news with I艧谋n Eli莽in, a senior media professional working at Medyascope in Istanbul, and Simon Littlewood, founder of ACG Growth Delivered in Singapore.

(Picture: Federal Reserve Board Chair Jerome Powell takes questions from the news media while holding a news conference after the Fed raised interest rates by a quarter of a percentage point following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy in Washington, U.S., March 22, 2023. Credit: REUTERS/Leah Millis)