Ask Question
27 June, 23:55

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

+4
Answers (2)
  1. 28 June, 00:04
    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.
  2. 28 June, 00:15
    0
    When the federal reserve increases its interest rate banks have no choice but to increase their rates as well
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What did the Federal Reserve do to try to reduce inflation? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers