Lowering inflation will ‘bring some pain’ to Americans through lost jobs and smaller raises, Powell says
Business InsiderAPR 2022
Bringing down prices must be a top priority for the Fed, but the standard approach of aggressive interest rate hikes is a cruel method that's only making life harder for Americans who are feeling the pressure. With a recession on the horizon, the Fed's so-called solution is seemingly worse than the problem.
It's clear that there are tough times ahead, but we have to prioritize long-term health over short-term gains. While the process of bringing down inflation is painful, the alternative is far worse. Under The Fed's guidance, there's hope that this will be resolved as swiftly as possible.