U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected

https://www.cnbc.com/2023/10/26/us-gdp-grew-at-a-4point9percent-annual-pace-in-the-third-quarter-better-than-expected.html

I'm a simple person and investor. I just don't understand how the Fed can keep hammering away using stone age techniques to justify high rates in a millisecond digital age. We have been hearing that things will start to slow for how many quarters now while Wall Street benefits and the little guy's savings keep falling behind.