> I’m wondering if the Fed is just going to keep doing it until everyone is resigned to continued increases. In a way, that's the idea. Inflation is a psycholo

> I’m wondering if the Fed is just going to keep doing it until everyone is resigned to continued increases. In a way, that's the idea. Inflation is a psychological phenomenon. People raise prices, etc. because they expect inflation. The Fed needs to keep raising rates until people expect that the Fed will continue to raise rates until prices stabilize (if that sentence makes sense).