The Fed Raising Interest Rates Could Chop Off Inflation and Rake Unemployment

When interest rates go up, it makes it harder for people to get mortgages. They buy fewer houses, and ther's less construction jobs. And all that means less jobs than you'd otherwise have. People are going to go to the poles pretty grumpy this november. But look, ronald regan had incredibly high inflation. He had a really deep recession, and by the time he was running for re election, the economy was roaring out of it. Am so it's not too late or impossible for the recession to come almost sooner and be coming out of it by the next election.

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