This round of rate rises seem so political. They know they were slow out of the gate so now seem to want to compensate, appear strong and even actively cause s

This round of rate rises seem so political. They know they were slow out of the gate so now seem to want to compensate, appear strong and even actively cause some damage to prove their commitment. And all of this with the context that most of the inflation is supply side so interest rate rises are anaemic anyway. I don’t see a pivot unfortunately even though it seems they are playing with fire here.