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22 November, 21:00

What did the Federal Reserve do to try to reduce inflation?

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  1. 22 November, 23:25
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    When the federal reserve increases its interest rate banks have no choice but to increase their rates as well
  2. 22 November, 23:54
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    They can increase their interest rates. When the federal reserve does this, everyone else follows suit. This results in less interest in borrowed money and inevitably, reduced inflation.
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