If the latest FOMC minutes are still relevant given the subsequent data drops showing even hotter inflation, then it looks like the FED will be scaling back mor

If the latest FOMC minutes are still relevant given the subsequent data drops showing even hotter inflation, then it looks like the FED will be scaling back mortgage purchases soon while continuing to support a lower federal funds rate. I don't know, but this seems like it screws individual home owners/buyers, where most middle class folks store their wealth, while continuing to support elevated commodity and equity prices where the rich store the majority of their wealth. Hopefully the recent data will force the rich bastards who run the fed to stop putting themselves and their elite compatriots first and finally slow down inflation and asset prices but given their history that seems like wishful thinking.