I think you're wrong. Fed seems determined to crush price inflation, but the inflation is largely driven by supply side issues, which they hold no control over.

I think you're wrong. Fed seems determined to crush price inflation, but the inflation is largely driven by supply side issues, which they hold no control over. That means the only way to tamp inflation is by crushing demand into the ground, AKA causing a recession. Soft landing talk was always talk, I think a recession is in the cards and they know it.