The Federal Reserve is currently engaged in a battle to bring down the nation's inflation rate, which has been rising steadily since 2021. Journalist Jacob Goldstein says the Fed's ultimate goal is to slow inflation by raising interest rates — while also avoiding a recession.
"It feels kind of scary right now, frankly," Goldstein says. "Raising interest rates is a blunt tool, and they don't know exactly what the effects are going to be. And so there is a very reasonable chance that what they are doing is going to cause a recession."
