With inflation at its highest rate in over 40 years, the Federal Reserve has been using its interest-rate lever to try and calm things down, but will it work? Last week, it approved an interest rate hike of 0.75% — the biggest increase since 1994. Derek Thompson, staff writer for The Atlantic, weighs in.
This article was originally published on WBUR.org.
Copyright 2022 NPR. To see more, visit https://www.npr.org.