(NEWSnet) — The Federal Reserve released the minutes from July's policy meeting.

While there has been consistent pushback from the left and the right to slow down inflation, the central bank still asserts that rate hikes are still needed.

One of the major concerns is that such a move would force a recession. The question many Americans want to know is why would they want that? Countless economic measures suggest the economy is moving in the right direction, with inflation stabilizing and job growth soaring.

So, what’s the point? Why force a recession?

The best way to describe it is through a concept known as “The Impossible Trinity.” 

This economic concept essentially says lower interest rates spur innovation and lower unemployment. That’s how we got to our economic position — record job growth but expensive goods.

That comes from a free flow of capital that can’t sustain itself without some disruption, and the costs of items you buy every day will be increasingly unattainable. The currency's value will fall, and prices will rise to meet that deficit.

To undo that, the central bank needs to raise interest rates and keep doing that as a delicate balance.

The Federal Reserve and other central banks have been stuck in a series of trial and error that leaves much of the general public as their guinea pigs.

The central bank does not have a policy meeting in August, so we have a little time before what will most likely be another interest rate hike.

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