“A recession at this stage is almost inevitable”- Former Fed vice chair Roger Ferguson

by BlazingJava

www.cnbc.com/2022/05/02/fears-of-a-fed-mistake-grow-as-this-weeks-anticipated-interest-rate-hike-looms.html

Current high inflation is due to money printing and lack of production of goods during covid and high demand since then.

They can raise interests but they will also hurt companies trying to recover their production output to pre-pandemic levels.

Also the dollar is already in history highs, markets have already priced in interests hikes