If the Fed wipes out the stock Market won’t that be one of the fastest ways to reduce inflation?

Now I get that the consequences of the market crashing will have other unfavorable results like lay offs, recession ect. But eventually when things are down the only way to go is up right? So my question is if the fed is worried about inflation and the money supply why not wipe out the market that's at some of its all time highs?

I expect this to get downvoted but I am just genuinely curious as to if you all think that there is a possibility the fed should or shouldn't do this.