Laughable.
Interest rates need to go way up and they’re talking 0.25 or 0.5%
That won’t do anything.
Remember Volcker raised them to 15-20% in the 80’s
Laugh all you like. There’s more to tightening than raising interest rates. It’s already going on behind the scenes. Everybody loves to hate the FED, but the FED is the only reason we still have a functioning economy. People expect the FED to do what it cannot and then berates it for not doing it. This situation is only partly like Carter, which I lived through. It will be over much faster than that bout of inflation.