Question

What has the Fed been doing over the past few months to combat inflation and how does that work?

Answer 1

Step-by-step explanation:

The Federal Reserve raised interest rates sharply from March 2022 through this summer as it tried to get inflation under control. Inflation had hit 40-year highs in mid-2022, peaking at 9.1% annually. By contrast, that rate was 3.7% in September.