At the risk of oversimplifying, there are two ways to fight inflation. One involves the central bank raising interest rates to throttle the money supply. In another, elected officials craft policies that temper demand and increase supply in the economy. Each has advantages and disadvantages.
Driving the news: Right now, the United States is relying almost exclusively on the first. It's putting pressure on the economy and financial system that would be less severe with a more balanced mix of inflation-fighting tools.
