The Federal Reserve is in a tough spot.
Inflation is soaring and it’s the central bank’s job is to tame it — but that effort requires some less-than-popular actions.
In six weeks, the Fed has twice pushed up the interest rates it controls. Related hikes in financing costs have chilled housing and other industries.
So what are the odds the Fed can pull off this high-wire act — significantly moderate inflation without creating an economic meltdown?
Below is an online tool that allows you to rate 12 risks the Fed faces as it navigates this challenging inflation-correction chore. Use the scroll bar on the right-hand side to move through the questions, hitting the “submit” button after each response.
Once you’re done, the quiz will compile what your answers suggest the Fed’s odds are of pulling off the tricky feat.
Or, you can go directly to the questionnaire at https://bit.ly/fedrisks!
Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at [email protected]