The Fed is raising interest rates, but there is another tool it hopes will help crush inflation and deflate market bubbles
The Fed has raised interest rates this year, but that’s only half of its approach to tackling inflation and tackling foamy markets. Quantitative tightening aims to suck excess liquidity from the market, fight inflation and deflate bubbles. Experts say it may go too far, but the Fed can avoid a crisis if it gradually eases …