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The people you're drafting into the fight against inflation when you raise interest rates and slow the economy are the most vulnerable, the purpose of raising interest rates is to take the air out of the sails of the economy. If it works, you are, by definition, going to have fewer jobs. Even small increases in interest rates, if they have the desired effect, will cause job losses and wage losses.

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    Quiz

    Are you a quotes master?

    »
    "Who steals my purse steals trash; But he that filches from me my good name robs me of that which not enriches him and makes me poor indeed."
    A Marcus Aurelius
    B Julius Caesar
    C lincoln
    D Othello