Fighting inflation: are interest rate hikes the only answer?

Inflation is proving pesky, and the Federal Reserve is having a tough time getting it under control. What's been the Fed's primary tactic to date? Raising interest rates, which happened again with another dramatic hike this past week. But Philadelphia economist David Fiorenza wonders whether the Fed should consider using other inflation-fighting tools in its arsenal as well. Plus, we try to make sense of some emerging trends in the housing market.

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