How High Will Interest Rates Go?

For months the Federal Reserve has been raising interest rates at a fast and furious pace to combat inflation. Now some Fed officials are advocating for a slower, steadier approach. WSJ’s Nick Timiraos explains the debate within the Fed over just how high interest rates should go. Further Reading: -Two Fed Officials Make Case for Caution With Future Interest Rate Raises  -Fed Set to Raise Rates by 0.75 Point and Debate Size of Future Hikes  Further Listening: -The Fed’s Plan to Curb Inflation  -Can the Fed Lower Inflation Without Causing a Recession?  -The Fed’s Shifting Inflation Message  Learn more about your ad choices. Visit megaphone.fm/adchoices