With inflation at 40-year high, US central bankers consider March rate hike

With inflation running at its highest in nearly 40 years, U.S. central bankers are coalescing around a plan to start tapping the brakes on economic growth as soon as March, with further monetary policy tightening likely as the year goes on.

On Wednesday, San Francisco Federal Reserve Bank President Mary Daly became the latest U.S. central banker to set her sights on a rate hike in the next couple of months.

"It's really time for the U.S. central bank to start removing some of the accommodation we've been giving to the economy," she said in an interview on the PBS NewsHour. "I