I’m not sure why people think interest rates will go down if we’re running 3%+ (50%+ above target) inflation and unemployment is below 5%. I don’t care what th

I’m not sure why people think interest rates will go down if we’re running 3%+ (50%+ above target) inflation and unemployment is below 5%. I don’t care what the projections are, the rates won’t drop until inflation is below 3% or unemployment shoots up. If they did drop the rates in these conditions, it would signal a failure of the FEDs dual mandate. My prediction is that rates stay the same or even are raised if inflation continues to run hot while unemployment is down.