The Federal Reserve hiked rates by 25 basis points -- and laid out plans for multiple rate hikes this year to combat rising inflation. But how complicated did rising energy costs and conflict in Ukraine make the Fed's decision this time around? And was the Fed too slow to react to inflationary pressures. JP Ong spoke to Taimur Baig, Chief Economist at DBS, on Prime Time about the Fed's recent decision, and what their plans to begin reducing its near 9 Trillion USD balance sheet means.