Politics Economy Economics Finance Inflation Interest Rates
The Washington Post
The Washington Post

@washingtonpost

4 Tweets 1 reads Nov 01, 2022
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The economy runs like a machine.
Right now, it’s overheating: Inflation levels are at the highest in decades, with prices climbing on everything from groceries to cars to rent. wapo.st
wapo.st
Normally, the financial system, consumer spending and business activity keep the hardware running.
But at times, those cogs cause glitches or kick into overdrive, and the sprawling apparatus needs to be slowed down. wapo.st
wapo.st
Enter the Federal Reserve, which has been aggressively raising interest rates — the central bank’s one major tool to lower inflation, curb demand for goods and services and slow the economy. wapo.st
wapo.st
We won’t know until later if the Fed has been successful — or if it’s forced the economic machine to slow down too much, causing a recession. wapo.st
wapo.st

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Politics Economy Economics Finance Inflation Interest Rates

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