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years, marking the central banks most aggressive move yet to bring down the soaring costs of food and gas and almost everything else. inflation is not easy. just days ago we learned its at the highest level since 1981. the fed released a darkening forecast projecting more inflation and higher unemployment. joining me now matt egan. we heard from the fed chairman. he signalled more rate hikes. what did you learn? >> reporter: well, victor, clearly inflation is on fire. today the federal...

Aggressive inflation problem is the right one. now well see how many times they have to go 75. the chairman signalled they might do it again at the next meeting. >> you think this makes a recession in a year or two any more or less likely? >> no. were having elevated risks of recession any time the fed is trying to combat inflation. historically its ability to slow the economy enough to get inflation under control, but not to go in negative territory, has been dicey. theyre trying to do that one...