
Powell to the people: The Fed raises rates
The Intelligence from The Economist
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Navigating Inflation and Interest Rates
This chapter explores the impact of the Federal Reserve's recent interest rate increase amid rising inflation and living costs. It addresses the Fed's struggle to manage inflation expectations, the unexpected surge in consumer prices, and the challenges of aligning monetary policy with changing economic conditions. The discussion also highlights the delicate balance the Fed must strike between controlling inflation and the risk of triggering a recession.
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