06/29/2022

How the Federal Reserve Plans to Tame Inflation

The Fed is focused on hiking up interest rates to cool spending levels

Inflation is still at a 40-year high, making it harder to buy everything from gas to groceries.

To tamp down inflation, the Federal Reserve is focused on hiking up interest rates to cool spending levels — recently lifting rates by the most in nearly 30 years. The move is stoking recession fears. Mary Daly, the president of the Federal Reserve Bank of San Francisco, said to instead expect a slowing of the economy and not outright shrinking in a LinkedIn News Live interview on Tuesday.

“I see us tapping on the brakes to slow to a more sustainable pace, rather than slamming on the brakes, going over the handlebars and having the proverbial recession,” she said.

Please select this link to read the complete article from LinkedIn News.