PBS NewsHour

Federal Reserve risks recession by raising interest rates

The Federal Reserve is expected to raise interest rates again this week by three-quarters of a point. Fed Chair Jerome Powell has made it clear he wants to substantially curb the rate of inflation. But there are serious concerns the Fed could overreact and tip the economy into a recession. Economist Paul Krugman, who's been writing about this in The New York Times, joins Judy Woodruff to discuss.

Federal Reserve risks recession by raising interest rates

8m 38s

WETA Passport

Stream tens of thousands of hours of your PBS and local favorites with WETA Passport whenever and wherever you want. Catch up on a single episode or binge-watch full seasons before they air on TV.