Inflation hurts. Raising interest rates does too
CNN
Goods and services are getting much more expensive, and gas prices have hit another high. The recognized cure for inflation is to raise interest rates and slow the economy. But those hikes will hurt too, leading to job and wage losses.
The main problem is inflation. Goods and services are getting much more expensive. US gas prices hit another high on Tuesday -- $4.37 per gallon. Globally, higher food and energy costs could last for years, according to the World Bank.
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