[eftychis]

Yeah I also don't buy the approach and commentary. Rates need to go up sure, but not with this much funfare. Killing the patient in the process to keep inflation in check makes little sense. And then there is the demand elasticity. How many people here are going stop using gas to go to work or stop eating to push prices down? Similarly with the baby formula -- where they suggested throwing money at the problem of lacking formulas: there is just not enough at retail for people to buy, doesn't matter how much money you have. What is the Federal Reserve going to do: tell babies to not eat?

This is misguided politic theatrics, that causes even more panic and over consuming due to panic, which leads to further stress and supply issues.