Is the Federal Reserve on a Campaign to Tamp Down Inflation?

The federal reserve is on a campaign to tamp down inflation. Can they effectively do so without sending the american economy, and, by extension, parts of the global economy, into a economic contraction or recession? Traders and investors have been becoming more pessimistic with each passing day about this idea that we can somehow solve those problems without putting the American economy into a recession. The issue right now is going to come down to whether or not the federal reserve, by what meka just said, raising interest rates by possibly,. We won't know until to morrow.