Inflation and interest rates are two separate entities.
High interest rates were a tool to tame the high inflation we had.
I’m not arguing with you, only illustrating correct use of the terms.
I am asking because I do not understand the relationship between interest rates and inflation if one even exists. If high interest rates are a tool to control inflation, do low interest rates encourage inflation? We have had historically low interest rates over a decade now, but the Fed's position is inflation is under control.
