Yesterday's quarter-percentage-point interest rate hike by the Federal Reserve indicates the central bank is not letting up on its mission to curb inflation, even amidst stressors in the banking sector. Joining the show to provide insight into the Fed's thinking is Nathan Sheets, Global Chief Economist at Citigroup, who worked at the Fed for 18 years. 

Also on today's show: Julia talks to US House Representative Debbie Dingell (D-MI) about today's testimony by TikTok CEO Shou Chew, who will face the House Energy and Commerce Committee during his first appearance before Congress.