Your GDP figures are misleading also. Your comparison of Q4 2019 GDP and Q2 2022 GDP doesn't reflect the fact that the measuring stick, the USD, has grown consi

Your GDP figures are misleading also. Your comparison of Q4 2019 GDP and Q2 2022 GDP doesn't reflect the fact that the measuring stick, the USD, has grown considerably in that timeframe. The USD has been increasing in value and the GDP has increased as measured in USD in that timeframe. The OP's point was the inflation being experienced today isn't primarily due to monetary policy issues but actual supply contraction and the Fed's response of using monetary policy to resolve a supply issue is having several negative consequences, such as making the housing crisis worse as you point out.