Fearmongerers. By managing expectations that way, they can influence the markets. The truth being that Central Banks can dynamically adjust rates. That's actua

Fearmongerers. By managing expectations that way, they can influence the markets. The truth being that Central Banks can dynamically adjust rates. That's actually expected. The other thing is that just taming inflation by rising rates is too crude. It's almost a kneejerk reaction. The problem is that monetary mass tends to concentrate into pools. With time money circulation is hindered because rich people get richer faster than average/poor people. Inflation is more of a concern for average/poor people however. When the economic policies were loose, it was time to introduce structural policies that would bolster money circulation and offset inflation. Now, part of these policies are being introduced as there is a shift toward national productions (globalization makes monetary mass control harder since capital is distributed worldwide but Central Banks, globally, have different mandates that can only directly effect their own respective jurisdictions) In the end, it's a closed system. There is no true justification for a recession. It should balance out. Rich peeps just don't want to see their dollar numbers dwindle. In that case, they should be incentivized to invest in cash flow generating ventures rather than storing it as interest bearing debt. Otherwise, of course, the economy is going to contract... Duh! (Money attracts money so the rich always win I guess, still rising rates was never the true cure, it's just a way to cleanup misallocations a little perhaps)