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.
So you think raising rates to 0.25% from 0% is going to tame 7.5%+ inflation?
It won’t do anything
They need to jack rates up like Paul Volcker did