is going to make things far worse than they need to be,They could just wait and the economy will drop off and inflation will tail off .Just dont do anything ,stop printing money for awhile. The administration is the inflation engine ,just stop them and inflation will drop on its own.. Raising interest rates is suicide ,just contract the money supply ! leave rates alone…theres too much debt to use rates to stop inflation …..JUST stop the administration from printing !….No need to crash the economy and force bankruptsy ..just stop printing….
The big corporations dont need liquidity they are loaded with cash ,its small corps that need the low rates to survive .Big arent big enough ? they want small business to go under ,so they can force the public to buy only from them… High rates will kill small business …not big business .they dont need to borrow …
If the stock market is overheated simply raise margin required to 90 % cash to buy stocks .not by raising rates…
Big business loves high rates,it eliminates the competition ,they dont borrow they are loaded with cash..The Fed does their durty work for them …