Inflation is at a 30-year high. Here's how the Federal Reserve plans to deal with it
The Fed is expected to leave interest rates near zero on Wednesday, but it's likely to start removing some of the support it has provided to the economy as inflation hits its highest in 30 years.
The Federal Reserve is caught in a delicate balancing act as it tries to steer the country out of an unprecedented pandemic.
On one side, the Fed feels the economy still needs help given that the U.S. has yet to recover nearly 5 million jobs that were lost during the pandemic.
But the Fed is also facing another opposing problem: Inflation has climbed to its highest level in three decades as Americans have gone on a spending spree that has sparked widespread shortages.
For now the
