First video:

Why High Inflation Has Lasted for So Long | WSJ

https://www.bing.com/videos/riverview/relatedvideo?q=why%20inflation%20has%20lasted%20so%20long&mid=ED6F50A5FB8F67754F02ED6F50A5FB8F67754F02&ajaxhist=0

1. According to the first video, what were three key factors responsible for high and unpredictable inflation in 2022? Please explain them briefly. 2. How is the Federal Reserve fighting a high inflation and what are two complications with using this tool?

Second Video:

https://www.bing.com/videos/riverview/relatedvideo?&q=why+there+has+been+a+recession&&mid=BE163F934E0E8017912DBE163F934E0E8017912D&&FORM=VRDGAR

Where's the Recession? The Four Economic Factors Keeping It Off | WSJ

3. According to the second video, as the Fed started to increase short-term interest rates in 2022, the chair warned about cost of bringing inflation down: recession. In general, what are three causes of recessions and how do they reinforce each other?

4. Despite most economist predicting recession in 2023, we have not yet seen signs of economic activity decreasing. As related to three causes of recessions, how do you explain economy still being robust? What are the potential headwinds as we are nearing the end of 2023?