Fighting inflation refers to implementing measures aimed at reducing or controlling rising prices and stabilizing the economy. This can include policies such as increasing interest rates or reducing government spending.
Related terms
Monetary Policy: Monetary policy refers to the control and regulation of the money supply by a central bank, such as the Federal Reserve, to achieve economic stability.
Fiscal Policy: Fiscal policy involves government decisions on taxation and spending that impact the economy.
Stagflation: Stagflation is an economic condition characterized by stagnant economic growth, high unemployment rates, and high inflation.