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Business Matters: Inflation fears for the US

Inflation fears for the US

01/12/2021 GMT

BBC World Service - Business Matters, Inflation fears for the US

The Omicron coronavirus variant could pose an inflation risk

The Federal Reserve Chairman says the Omicron coronavirus variant could impact inflation

Is America heading for an inflation crisis? US Federal Reserve, Jerome Powell, was in Washington DC on Tuesday, giving evidence at the US Senate's banking committee and said that the Omicron coronavirus variant poses increased uncertainty for inflation - we hear from Chris Low, Chief Economist at FHN Financial in New York. Plus, high street fashion giant Inditex has appointed the founder's daughter as its new chair. The firm owns brands including Zara and Massimo Dutti, and we find out what's behind the appointment of Marta Ortega from Dan Dombey of the Financial Times in Madrid. And oil and gas investment comes to small-town Louisiana but is it a win-win for the community? And we get wider context from the historian, journalist and author, Anne Applebaum. Plus, scientists have struggled for a long time to learn as much as they'd like about the world of infrasonic sound and now a team of research collaborators from the US, the UK, South Africa and the Netherlands has cracked it - use a seabird to do your recording for you. We hear from Olivier den Ouden at the Royal Netherlands Meteorological Institute. Plus, we're joined throughout the programme by Jyoti Malhotra, Senior Consulting Editor at The Print - she's in New Delhi. And Andy Uhler from Marketplace on American Public Media, is in Austin.

Picture of stock markets. Picture via Getty Images

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