Prices don't need to come down, just stop going up. Given the current state of the economy there's no evidence that this level of stimulus is actually inflation

Prices don't need to come down, just stop going up. Given the current state of the economy there's no evidence that this level of stimulus is actually inflationary. But there are many tools that the Fed has to tame rising prices. It could suck liquidity out of the market by selling their massive collection of bonds, or just raise interest rates. It's actually very unlikely that the Fed would have to do much of either of those because just the threat would have people acting very differently in terms of lending, investment and hiring/pay rises.