All they can do is use scare tactics. Like even the USA hiring 87,000,000 IRS agents won’t change anything but maybe make a few people nervous and other people talk about it. It’s all just talk, hot air. Now, higher rates, they do something, hurt the wrong people that need loans.
Or kill overboard speculation that drives up real estate and stocks. Those two markets added mega amounts to the US money supply of a lot of people that can pay cash and don’t care about the cost and drive prices higher for regular people that need to borrow for a higher priced car or house.