Hand holding dollar bills

Weatherhead School’s Jonathan Ernest discusses inflation and raising interest rates

Wall Street marks another day of losses as recession concerns grow

WEWS: Jonathan Ernest, an assistant economics professor at Weatherhead School of Management, said combating inflation involves reining in the economy, which the Federal Reserve could do by raising interest rates. “And really what we’re seeing in the markets now is testing how much that (reining in) is going to have an effect,” he said.