If you consider that the Fed should collude with fiscal policy makers, then you're right. The Fed is supposed to act independently, but Powell has thrown that o

If you consider that the Fed should collude with fiscal policy makers, then you're right. The Fed is supposed to act independently, but Powell has thrown that out the window. Fed tightening would force fiscal side to actually restrain spending which would help alleviate inflation. That's the whole point of tightening to begin with (tightening both public and private credit). The reason the Fed is supposed to be independent is to avoid a Venezuela type situation where deficit spending is monetized through money creation. Well the Fed has been effectively doing that through QE for two years.