The choices of the Federal Reserve over the last year or two—and particularly in the last month—have been deeply scrutinized. After years of low rates and relatively loose monetary policy, the central bank was quick to slash rates to zero and unleash quantitative easing as the pandemic ravaged economies around the world. But starting in late 2021, inflation grew to be a top concern to policymakers, and the Fed moved (not quite as quickly) to begin raising rates again in 2022, in an attempt to cool down an overheating economy.