How the Federal Reserve uses higher interest rates to tame inflation

Interest rates are headed higher again, as the Federal Reserve resumes its fight with inflation. That effort is almost a year-and-a-half old now. At the same time, Fed Chair Jay Powell wants to tame inflation without tipping the economy into a recession. Economics correspondent Paul Solman breaks down the thinking behind the Fed's moves. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders