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How the Federal Reserve uses higher interest rates to tame inflation

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Interest rates are headed higher again, as the Federal Reserve resumes its fight with inflation. That effort is almost a year-and-a-half old now. At the same time, Fed Chair Jay Powell wants to tame inflation without tipping the economy into a recession. Economics correspondent Paul Solman breaks down the thinking behind the Fed's moves.

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Category
U.S. & Canada
Tags
Jerome Powell, Federal Reserve, Interest rates
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