For months the Federal Reserve has been raising interest rates at a fast and furious pace to combat inflation. Now some Fed officials are advocating for a slower, steadier approach. WSJ’s Nick Timiraos explains the debate within the Fed over just how high interest rates should go.
Further Reading:
-Two Fed Officials Make Case for Caution With Future Interest Rate Raises
-Fed Set to Raise Rates by 0.75 Point and Debate Size of Future Hikes
Further Listening:
-The Fed’s Plan to Curb Inflation
-Can the Fed Lower Inflation Without Causing a Recession?
-The Fed’s Shifting Inflation Message