The Fed Is Trying to Slow the Economy Down

Central banks realize that inflation's going up, so we need to slow this thing down. So the way that we do that is to raise interest rates. The european central bank, bank of england, mostly follows the fed in the us. But what's fascinatig hapened in england has been following what the fed has been doing. Bank of england is trying to slow the economy down. Now that's not poular, because what you are effectively trying to do is crash the economy. This is why the next couple of months are hugely important in the world,. Is what the fedis trying to do  effectively lead us into recession.