Can the Fed Lower Inflation Without Causing a Recession?

The Federal Reserve has never managed to significantly decrease inflation without causing job losses, but it's trying to now. Central Bank officials hope they can cool down an overheated economy by raising interest rates. But as WSJ’s Jon Hilsenrath explains, the Fed risks triggering a recession. Further Reading: -Hot Economy, Rising Inflation: The Fed Has Never Successfully Fixed a Problem Like This Further Listening: -The Fed’s Shifting Inflation Message Learn more about your ad choices. Visit megaphone.fm/adchoices