Federal Reserve's Impact on Inflation

The ability of the Federal Reserve to bring down inflation without triggering a recession is highlighted as a significant achievement. After reaching over 9% inflation, the Fed managed to reduce it to around 2.5%, a feat not easily replicated in other major economies. This accomplishment is attributed to the Fed's careful and non-political decision-making processes, which remain primarily focused on long-term economic stability. Even though the Fed has faced criticism, its independent operation has proven beneficial in navigating the complex post-pandemic economic landscape.