My biggest concern is that the Fed is actually just not in the driver's seat at all right now. Raising rates is definitely the right thing to do and will at least help, but the inflationary pressures don't seem to be monetary at all. There's just no policy answers to the supply issues and if a stock market crash didn't slow down consumer demand, idk how rate cuts are going to do it. The best case is this curtails some of the wage-price spiral which is not entirely positive. Asset deflation has already happened without their help. May as well sink my savings into Luna and hope for a turnaround.