The Inflation Reduction Act was passed about 4 1/2 months ago. Current inflation in the United States is estimated to be 7%/ There have been supply shortages. Demand for certain goods has increased since Covid began. 

How can inflation be brought under control? what actions the Federal Reserve can take, 

and what the larger Federal Government can do in terms of policy or spending. 

Will the Inflation Reduction Act reduce inflation? 

What impact will this have on businesses?

Answer rating: 100% (QA)

Inflation can be brought under control through a combination of measures both by the Federal Reserve and the larger Federal Government Given the curre... View the full answer