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ELEN [110]
3 years ago
12

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

History
2 answers:
laila [671]3 years ago
5 0
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.
Nikolay [14]3 years ago
3 0
When the federal reserve increases its interest rate banks have no choice but to increase their rates as well
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