Recently, there has been much speculation that the Federal Reserve will be raising interest rates this month by 50 basis points ( 1/2 of 1 percent ) to try to slow down inflation caused by the supply chain shortages. Explain 1) Whether you agree that such a move by the Fed is needed; 2) If you agree, do you think 50 basis points is too much or too little; 3) If you disagree with such a move being done by the Fed explain why.