will NOT stop Inflation….it will cripple the economy first…shrink the money supply ..that might do it…but dont let the BANKS get thier hands on depositors money.. shrink the number of Banks ,dont hurt the depositors..Banks create inflation ..Government spending creates inflation …Biden creates inflation ..Dont hurt the PUBLIC..with high interest rates ..they dont create inflation..Let some banks fail..not the depositors..simply bring back old rules that got Banks out of Wall st .SEPARATE Banks from Wall st. restrict them to money only making loans,taking deposits.That will insure the safety of Banks and the money entrusted to them and the economy will stabilize..
interest Rates will not be a tool to pillage depositors money .Then they can go back to fixed rates of 3 % without harm to the economy…