Fighting inflation likely to be ‘painful,’ U.S. Fed official says - National

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https://globalnews.ca/news/12067493/fighting-inflation-painful-us-fed/

Fighting inflation likely to be ‘painful,’ U.S. Fed official says - National | Globalnews.ca

The Fed generally fights inflation by raising interest rates to cool borrowing and spending. Historically, such rate hikes have often slowed growth and have even led to recessions.

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Federal Reserve official warns fighting inflation ‘is going to be painful’ | The Independent

https://www.independent.co.uk/news/world/americas/us-politics/fed-inflation-interest-rates-painful-b3053781.html

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