But with Fed Chair Jerome H. Powell moving aggressively, the White House now faces the prospect that these efforts will prove too much and instead tip the economy into a recession. The White House strategy could backfire. The Fed’s economic forecasts also show the unemployment rate rising a bit as interest rates go up. So far, the Fed has brought rates back up to what’s considered “neutral” — not intended to slow or juice the economy. Inside the White House, many officials are resigned to the reality that there may be little they can do about the matter.