During the recession of 1980-1982, the Fed raised the interest rate to fight inflation.

Name: During the recession of 1980-1982, the Fed raised the interest rate to fight inflation.
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During the recession of 1980-1982, the Fed raised the interest rate to combat inflation, which had been a significant problem during the late 1970s. This policy was aimed at reducing spending and cooling down the economy, but it also contributed to the severity of the recession.

During the Recession of 1980-1982, the Fed Raised the Interest