Most people don't really pay attention to what the Fed is doing, but these days it feels

like it's getting a lot of attention.

Do you feel like you're covering a sports team?

Yeah, you're covering a winning sports team, not in the sense of the Fed is winning, but

when there's action, when the team is doing well, when somebody's getting hot, then everybody's

paying attention.

That's our colleague, Nick Timmeros.

He covers the Federal Reserve, so he's always paying attention to what goes on at the Fed.

And for Nick, tomorrow is like game day, because the Fed is expected to raise interest rates

again.

Another attempt to beat inflation.

The increase Wednesday has been so widely telegraphed that it would be shocking if the Fed

didn't raise interest rates.

So the question here is, has the Fed done enough, is this interest rate increased enough?

Well, does it tighten financial conditions enough where the Fed has confidence that the

economy is going to continue to slow down and not reaccelerate?

The Fed's goal is to get inflation down to 2%.

We've made a lot of progress in the last year, but we're sitting at around 4%.

And it's that last yard that economists are fighting over.

Does the Fed continue to act aggressively because inflation is still a big problem?

The Fed has done enough, and inflation is on its way down.

This has been sort of the central fight in economics for the past two years.

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