Use BBC.com or the new BBC App to listen to BBC podcasts, Radio 4 and the World Service outside the UK.

Find out how to listen to other BBC stations

Episode details

World Service,22 May 2026,9 mins

Hike, cut or hold? What will the new Fed head do on interest rates

World Business Express

Available for over a year

The new chair of the world's most powerful central bank is being sworn in at the White House today. Kevin Warsh becomes the 17th Chair of the Federal Reserve at a very tense moment for the US and global economies. He is an advocate for cutting rates, something President Trump has long demanded. Also, why were two boxes of Japanese Melons worth $36,500?

Programme Website
More episodes