JUST IN: Federal Reserve raises interest rates by 0.75% for the third time in a row as it races to reduce inflation. https://t.co/puWnSgeuYf

— NBC News (@NBCNews) September 21, 2022

The Fed is going to fight inflation even if it means pushing country in to a recession. As it is, there’s little evidence that inflation is out of control. It’s not. Oil prices are relatively stable, gas prices are falling, and shipping costs are coming down after all the supply chain mess during the worst of the pandemic. That will all help reduce inflation.