I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern.

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Work by raising interest rates. We do that over time. And what that does is it increases mortgage rates,

but just at the margin. And the same thing with the car loans and things like that.

And ultimately, that slows down demand, ideally, in a way that comes to a gradual

halt and economic activity continues. So that's what we're trying to do here. Right now,

we need to move away from very low interest rates. They're not appropriate for the current

situation in the economy. The economy is very strong. Unemployment is low. Wages are going up.

The labor market is quite healthy. And inflation is all too high. So we're responsible. We're

accountable for inflation. And we're going to use our tools to bring it down.

May I have it a little more time, Chairman? I know this is your committee.

Thank you, sir.

Very kind.

So a question for you.

As you think about the next meeting when you discuss the interest rate increases,

are there increments that you would consider, not foreshadowing your decisions,

but the incremental increases that you think would bring the spending and the inflation down while not over-challenging the economy?

Yes. So as I mentioned yesterday, my thinking at this time, which is a very, very sensitive

time in markets

and in the world because of what we're seeing happening in Ukraine, and we don't know the

economic implications of that. I said that I would be recommending and supporting a one-quarter

of one percent interest rate increase at our March meeting, which is two weeks from yesterday.

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