I don’t think Powell needs to imitate Volcker here. Corporate, Household, and state debt levels are so much higher today than in the late 70’s / early 80’s that

I don’t think Powell needs to imitate Volcker here. Corporate, Household, and state debt levels are so much higher today than in the late 70’s / early 80’s that economic activity will falter with far less than double digit interest rates, causing inflation to fall quickly.