A Federal Reserve official said that the central bank is committed to reducing inflation by reducing demand for goods and services and can slow price growth without pushing the economy into recession.
“Inflation is too high and my job is to bring it down,” the Fed governor said. Christopher Waller during a moderated discussion in Minneapolis on Tuesday. “We have to cool down demand and try to reduce inflationary pressures.”
https://www.wsj.com/articles/fed-official-says-central-bank-must-contain-inflation-11652209470?mod=pls_whats_news_us_business_f Fed Official Says Central Bank Must Contain Inflation