A rundown is a situation in baseball where the runner is caught out by the defense between bases. The infield need only close in on the trapped runner shrinking the baseline where he can try running between bases until finally tagging him out.
This is the Federal Reserve’s situation, which raised interest rates nearly a full percent this last week in the teeth of an undeclared recession. Raising interest rates is done to make the cost of doing business higher, thus slow the economy (and by extension inflation). Slowing the economy in the early throes of recession means the recession will close that many more business, costing that many more jobs and force an even greater collapse of the economy as fewer people can afford purchases.
Given the unwillingness of the party in control of our government to take any measures to reduce inflationary forces, the prospects for the Fed avoiding being tagged out (and the average citizen to lose the game) aren’t good. More