Originally Posted by vtec to vvel

Jerome Powell

https://www.cnn.com/2023/03/09/economy/economy-jobs-fed

“I would explain to them that inflation is very high.” Powell responded. “And it’s hurting the working people of this country badly. All of them, not just 2 million of them. But all of them are suffering from high inflation. And we are taking the only measures we have to bring inflation down.”

Quite the contrary. Keep rates where they are now (don't raise, but don't lower) and let the supply side catch up to cool inflation. Inflation will only get worse if rates continue to rise and supplies decrease.