[fsckboy]

> keep interest rates low... until the pandemic had other ideas

the pandemic did not drive interest rates up. Flooding the economy with money ignited inflation, and higher interest rates are necessary to tamp down a recession.

[astrange]

Everyone staying home and switching from services to goods, which the supply chain wasn't ready for, can and did cause demand-side inflation.

It was about half and half, but that's a lot better than another great recession like 2008!

And of course then there was a war and some fires at chip factories causing supply-side inflation. It's been flat in the last few months though.