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by rogersnm 1330 days ago
The Fed is doing exactly that: https://fred.stlouisfed.org/series/FEDFUNDS
1 comments

Ah thankyou, do you think it will spike anything like it did in the 80s?

[edit: I see she discusses this in article as well, now]

Predicting the future is always difficult, there are elements of now that are similar to the past, and there are elements that are different. It also helps to have experienced those past events and been able to learn lessons from them.

It seems highly likely that inflation will remain at its current elevated level for at least another 12 months, beyond that horizon, the trajectory will be determined by what happens between now and then.