Friday, July 12, 2024

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HomeVideoFederal reserve risks recession by raising interest rates to fight inflation

Federal reserve risks recession by raising interest rates to fight inflation

The Federal Reserve is expected to raise interest rates again this week by three-quarters of a point. Fed Chair Jerome Powell has made it clear he wants to substantially curb the rate of inflation. But there are serious concerns the Fed could overreact and tip the economy into a recession. Economist Paul Krugman, who’s been writing about this in The New York Times, joins Judy Woodruff to discuss.

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