I think they know very well what it’s going to mean. And they have tried to say it in a way that won’t scare people but I don’t think enough people pay attention. It’s going to hurt. But it’s also the only control that they have. There are other ways to fight inflation without it hurting as badly but that would require legislation and real regulation. And the country just put the GOP in control of the house so I mean we get what we deserve.

Yeah, they said they aren't going to pivot in any way until there is a sustained decline in inflation down to 2%. And their original plan was to continue to raise rates.

Their goal is to kill the job market, though.