I think the Fed needs to keep inflation high enough to offset past money printing.  In addition, inflation can increase taxes and temporarily reduce fiscal deficits.  It's just that the political posture needs to maintain the correct posture and show a posture of fighting inflation.

btcthinker

bitcoin

FED SWAPS PRICE IN HIGHER PEAK POLICY RATE OF 5.61% IN SEPTEMBER.

''Powell “If totality of data…indicate that faster tightening warranted, we would be prepared to increase pace of rate hikes. Restoring price stability will likely require that we maintain a restrictive stance of monetary vpolicy for some time.”

Nice end of cycle