There are so many people saying that the Federal Reserve made a mistake in not tamping down inflation in 2021 and that the Fed is making a mistake now with the size of their rate hikes.
They aren't mistakes, this is deliberate.
As to why, I haven't the foggiest but things are playing out exactly as the Federal Reserve Board - and the U.S. Treasury - want things to play out.
And anyone trying to impose their template of how things should be on how things actually are is simply delusional.
So it's knee breeches and out the door to meet Fortuna once again.