“8/9. That’s the Fed’s record on triggering a recession while trying to fix inflation.” : RealEstate

Good thing everyone’s getting priced out with interest rate hikes so we can all be broke next year!

The fate of the economy… rests largely in the hands of the Federal Reserve, the unelected technocrats who call the shots on monetary policy.

But a look at the record shows that the Fed often stumbles in its efforts to save the day.

Nine times since 1961, the central bank has embarked on a series of interest rate increases to rein in inflation. Eight times a recession followed.

https://www.politico.com/news/2022/03/29/federal-reserve-recession-inflation-rates-00021119