Why the U.S. is self-inflicting an economic slowdown and what the biggest risk is

What seems to be an oxymoron has to do with the prevailing monetary policy not only in the United States, but also in much of the world: raising interest rates to control inflation. The U.S. Federal Reserve- equivalent to the central bank in other countries- has embarked on a historic interest rate hike with the aim of lowering an inflationary spiral that in June…