Fed decided recession is the lesser of two evils
Por Camilo Arcaya • 27 jun, 2022 • Category: EconomíaThe US Federal Reserve has decided to throw everything it has into fighting inflation, even at the risk of causing a recession. This means higher-than-expected interest rates in the short term. It could also mean less chance of ultra-high rates further down the road. At the press conference following the Fed decision, chairman Jerome Powell said: “The worst mistake we could make would be to fail” to bring down inflation. “It’s not an option. We have to restore price stability.”