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This is the Fox News rundown extra.

I'm Jessica Rosenthal. This week we spoke to the chief economist at Moody's analytics, Mark Zandy, about the Federal Reserve's decisions to combat high inflation.

The Fed Chair Jerome Powell announced they would end their bond buying program, which provides

stimulus to the economy ahead of schedule in March.

But Powell also said they may raise interest rates as many as three times next year.

After the Fed meeting this week, Powell said after seeing

economic growth, low unemployment, and a continued labor shortage combined with

high consumer price index numbers, he evolved from thinking inflation was

transitory, temporary, and said they had to move

to keep inflation from being entrenched in 2022.

Zandy breaks down the Fed's announcement and we also asked him what trillions of dollars

in government spending might do to

inflation moving forward. We often have to cut interviews down for time during the week

but we thought you might like to hear this full interview. Thank you for listening.

Please subscribe to the weekday rundown podcast if you haven't already.

Now here's Mark Zandy on the Fox News rundown extra. Okay, so just start with your name and your title even though we know it. We'll get an audio level off that.

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