Although the inflation rate has come down somewhat since peaking in June of 2022, consumer prices remain high and fears of a recession persist. The Federal Reserve has repeatedly raised interest rates in the hopes of stabilizing the economy, but is it enough? Is this tactic better or worse than doing nothing at all? Are there other ways to curb inflation that may be more successful or less risky? What are the limitations of the Federal Reserve’s power to impact the economy — and what power do consumers have?