U.S. efforts to tackle inflation should worry the rest of the world: report
2022-05-01 09:19:36 source：CGTN
April 30, 2022
As the U.S. Federal Reserve begins to raise interest rates to quell the highest inflation in decades, the aggressive efforts will make the third world's debts become more difficult to service, the New York Times has reported.
The country's inflation rose to 8.54 percent in March from 7.57 percent in February, with President Joe Biden's signature multi-trillion dollar spending package blamed as one of the drivers of inflation by economists.
Inflation was cited in a new Gallup poll on Wednesday as the most important economic problem facing the U.S., where 42 percent of respondents rated current economic conditions as poor and roughly 76 percent believed it is getting worse.
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