Is soaring inflation worse than the recession the Fed may trigger by aggressively fighting it?

Is soaring inflation worse than the recession the Fed may trigger by aggressively fighting it?

Is the cure worse than the disease?

The Federal Reserve is hiking interest rates at its most aggressive pace in decades to bring down inflation that hit a 40-year high of 9.1% in June. The campaign has sharply increased the odds of a recession. A Wells Fargo economist and others forecast a downturn by early next year.

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