[saturn]

What’s the difference ?

[neverevergiveup]

The difference is that when you have inflation in the context of a robust economy (growing amount of products and services) raising rates cools the economy a bit (thus hopefully decreasing inflation). However, when you have inflation in the context of an already struggling economy (ie low growth or no growth of products and services) raising rates just cools the economy further - making the dollar worth intrinsically less at the same time that prices are going up.