Raising rates has little down regulation effect on inflation. (At best the effect is uncertain). The purpose of raising rates is to increase the interest share

Raising rates has little down regulation effect on inflation. (At best the effect is uncertain). The purpose of raising rates is to increase the interest share of income and protect that from inflation [0] [0]: https://economicsfromthetopdown.com/2023/04/16/how-interest-rates-redistribute-income/ https://economicsfromthetopdown.com/2023/04/16/how-interest-...