[adventured]

They're not trying to reduce existing prices per se. They're trying to reduce the extent of price increases going forward.

The Fed can do that be damaging demand by damaging the labor market and reducing the value of assets (which also damages spending power ultimately in numerous ways).

There should be a lot more consideration given to increasing and improving on the production side right now, however the US is not nearly so skilled at that these days (whether industrially or policy wise). If you walk into your typical CVS or Walgreens and look at their empty baby formula section, it tells all. Supply chains are still a mess in the US.

[WillPostForFood]

>There should be a lot more consideration given to increasing and improving on the production side right now

The US knows how to drill for oil and frack. It would help curb inflation and help Europe deal with Russia.

[apropos_g]

> They're trying to reduce the extent of price increases going forward.

What is the common sense explanation for how increasing interest rates reduce the extend of price increases of food and gas?