They printed so much money, this caused inflation. So they tought “well with rate hikes we are gonna destroy demand for years so inflation will come down”. But wouldn't this cause a multi year deflationary recession? They really want that? Hiking rates to 4.6% won't work to destroy inflation…we are already seeing that, we are still at 8% cpi numbers with all these rate hikes, so what's their plan? Multi year deflationary recession or a fake narrative like “guys we are fighting inflation don't worry, don't you see how much are we raising rates?”
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