With inflation up and unemployment down, the Federal Reserve is raising interest rates and signaling that they’re willing to risk a lot to stall the rising price of everything. But is Jerome Powell doing too much—or is he already too late to avoid a painful recession? Guest: Jordan Weissmann, senior editor at Slate reporting on economics, politics, and public policy. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Amicus—and you’ll be supporting the work we do here on What Next. Sign up now at slate.com/whatnextplus to help support our work. Learn more about your ad choices. Visit megaphone.fm/adchoices