Semester 3: Week 6

 

This week I have been doing more research on economic inflation and specifically looking at how inflation is resolved. Inflation and economics in general is way more complicated than I thought. Though most of the complication is due to politics, along with misinformation as to who is responsible and controls inflation. 

I have found that the Federal Reserve raises interest rates as a way to combat inflation, along with encouraging banks to raise rates on risky loans. I will use this piece of info will be used to justify my project, if people are aware ahead of time of inflation, it could help financial planning.

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