Bigger Pockets Daily

The fed is raising interest rates significantly, a move that has many worried about the impending recession soon to follow. Supply constraints coupled with increased demand built up during the pandemic have led to rapid inflation. The problem started with the five trillion dollar stimulus package for pandemic relief which resulted in much higher inflation than we currently see in other countries. We'll get right into it after this quick break. Tracking the fed, why did it take so long to act?