This is an important point, and thanks for pointing that out in this discussion. The reason why raising interest rates breaks inflation is usually because it c

This is an important point, and thanks for pointing that out in this discussion. The reason why raising interest rates breaks inflation is usually because it chokes off economic activity to a point where labor ceases to have bargaining ability to ask for higher wages, which then chokes demand, which then helps bring supply and demand back into equilibrium and breaks the inflationary spiral. It's a mechanism that is quite clear, but also rarely discussed in polite company, because "breaking the bargaining power of labor by intentionally choking economic activity to create enough unemployment" is, when spelled out, prone to creating pretty emotional reactions.