Maybe, there is more to the FED’s large interest rate hikes than just fighting inflation, a lot more. What if this whole thing is a plan to enable the implementation of the FED CBDC? First, the FED didn’t raise rates when they should have last year(see my Dec. post “Shock & Awe”) where I called on the FED to do a large increase back then because we were facing significant inflation down the road. The FED wanted high inflation because they wanted to have to increase rates significantly over a relatively short period of time. Why? Because they wanted to create a large drain of bank deposits from banks into treasuries and cd’s and money market funds to precipitate a banking crisis. Why do they need a banking crisis? Because it’s in a crisis like 911, the GFC, etc. that they can put in place changes that take away our rights, freedoms and liberties and no one questions them. Expect to see continued rate increases despite the collapse in economic activity and a stock market crash. The FED and the Biden administration and the Dem controlled Congress want a crisis and they are likely to use it to introduce a CBDC and then claim that they need to eliminate paper currency and go digital to preserve the banking sysytem because people are creating a banking crisis by withdrawing money from their accounts.(bank run)While I hope I am wrong, this makes a lot of sense about why the FED seemed to be so asleep at the switch for so long and why Powell and company are now going to keep going until something(possibly a lot of things) break.