This interview is an episode of The Socialist Program with Brian Becker, a podcast providing news and views about the world for those who want to change it. You can follow the show on Facebook, Twitter and Instagram.
Walter Smolarek and Prof. Richard Wolff discuss how the Federal Reserve raised interest rates at the highest rate in over 20 years, signaling a major shift in policy as it attempts to tackle the spiraling inflation crisis. But will this maneuver work? Or is it likely to instead spark a new recession?
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.