The Fed Knows What to Do, but There’s a Difficult Road Ahead

Playing a dangerous game with rate hikes

High inflation continues, financial markets have dropped, and recession is around the corner, but rate hikes are expected to continue. Bill Cox/The Epoch Times

Commentary

High inflation has harassed the world for over a year. It’s troubling that although the financial market has come down significantly, against a backdrop of aggressive interest rate hikes, the latest economic figures show that a recession is not imminent–especially as both non-farm payroll and unemployment rates are still very healthy.