The Fed recently announced aggressive interest rate hikes and is signaling more to come. Its goal? To stabilize the economy amid surging inflation (reaching rates not seen in some 40 years) and lingering supply chain disruptions and shortages. But can the Fed actually manage a so-called "soft landing"?
Arguing "yes" is Dean Baker. Arguing "no" is Yeva Nersisyan. Emmy award-winning journalist John Donvan moderates.