Certainly required.

By raising rates, the Fed is doing what it has to curb inflation.

The Federal Government has already lowered income tax rates across all tax brackets for 2023 to adjust for inflation so that life can be more affordable post-2022. As a result, inflation increased by 7% in 2021 and 6% in 2022, 13.42% since 2020, when the Fed printed checks to finance a non-performing economy due to Covid. Increasing rates will lower the…