So? The easy off-ramps were all ignored for far too long. Now, it’s either stop inflation by smothering the economy for a while, or let inflation run wild and become Venezuela. The worst thing would be to keep everyone employed (and therefore spending) and to give in to the demands to inflate salaries as well to match rising prices. THAT would absolutely destroy anyone who didn’t get one of those inflated salaries, especially anyone on a fixed income.
Get your baseements ready to recieve your adult children who will be out of work for a long time after the inducced recession makes unemployment go up over 10% maybe 15%....