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

User MahaSwetha
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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.
User KenanBek
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When the federal reserve increases its interest rate banks have no choice but to increase their rates as well
User Meowmeowmeow
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