Fed. Chair Jerome Powell is scheduled to get grilled by Congress regrading inflation. So they're having a meeting about something in which Jerome admitted to not understanding and wasting time on something that is theoretically simple to fix, rather than other pressing issues. Raising rates is only half the battle to fighting inflation, and continuing to raising rates at this stage of the game won't do anything! Fix the global supply chain issue and and leave rates where they are.
https://www.cnn.com/2023/03/07/inves...ing/index.html