The Federal Reserve has responded to inflation with rapid interest rate increases, meant to tamper down prices, at each of its past seven meetings. They are expected to do the same at their Jan. 31 Open Market Committee gathering. However, these hikes can also increase the risk of recession and unemployment.

Too many companies have opted to use inflation as an excuse to boost profit. Caregiving is a key area of potential government investment that could help women. Their needs are often put last, after childcare and elder care. The economy is already fragile after a global pandemic; now is the time to prioritize people.