> we are fooling ourselves with the idea that a few rate rises will be sufficient Oh they will be. But not until the people in charge nut up and raise the rat

> we are fooling ourselves with the idea that a few rate rises will be sufficient Oh they will be. But not until the people in charge nut up and raise the rates to the point of them actually being effective. We're beating around the bush with these paltry rate hikes right now and inflation will not abate as long as that continues and the longer it runs the more inertia it picks up as the expectation of inflation gets baked into more and more places in the economy and the tighter we will need to make the supply of money to put the brakes on it.