Prices in the U.S. Are Rising at the Fastest Pace in Years | Officials at the central bank have embraced the possibility of higher interest rates to get resurgent inflation under control.
Prices in the U.S. Are Rising at the Fastest Pace in Years | Officials at the central bank have embraced the possibility of higher interest rates to get resurgent inflation under control.
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Higher interest rates lower inflation by tossing people out of work so that they can't afford to buy stuff. Things can get worse.