Podcast note: Please enjoy this episode from season two of The Pie, an economics podcast from the Becker Friedman Institute for Economics. Subscribe where you get your podcasts, or at thepie.uchicago.edu.

The Federal Reserve’s latest 75 basis point rate hike brought interest rates up again on everything from mortgages to car loans and credit cards. Will it be enough to halt inflation? How is the Fed thinking about the US economy, unemployment, and its global impact? University of Chicago economist Anil Kashyap joins to discuss the campaign to bring inflation down and mounting pressure on the central bank.