[addicted]

Your statement is false. The Fed has told us why it’s raising rates. It’s NOT to normalize historically low rates. It’s to fight inflation. There is nothing to debate here. The Fed has said it explicitly.

The second part, whether the Fed is hoping to do this by increasing unemployment isn’t as trivial to show. However, we can be almost certain this is true because: (1) since inflation is not due to monetary weakness (the USD is historically strong and has been for the past few years) the only other way the Fed can cause inflation to reduce is by making the economy weaker, which will traditionally lead to lost jobs and increasing unemployment, and (2) the Fed keeps saying that it thinks it can achieve a soft landing, ie, without putting us into a recession and leading to massive job losses, which indicates that they are also aware that they may cause a recession/unemployment growth, and are only kind of hoping they can avoid it.