Exactly. The U.S. economy losing steam is the entire point of the Fed’s actions. One can debate whether their goals are appropriate or not, but slowing down th

Exactly. The U.S. economy losing steam is the entire point of the Fed’s actions. One can debate whether their goals are appropriate or not, but slowing down the economy is the intended first order effect of the Fed’s actions, and slowing inflation is the second order effect of slowing the economy.