I think they are trying to roll back the quantitative easing (aka unleashing the money printers) that staved off a massive recession right when covid lockdowns

I think they are trying to roll back the quantitative easing (aka unleashing the money printers) that staved off a massive recession right when covid lockdowns began. The fed blames current inflation rates (the highest they've been since the 70s) on all the extra money that is floating around. It is thought that the weird bull market we saw through the end of 2021 was a result of money having nowhere else to go... so when interest rates get raised suddenly other investment vehicles (like bonds) look more lucrative and that money leaves the stock market.