"Supply chain issues" don't just happen, like an earthquake. They're caused by government actions.

Hiking is meant to take heat out of the economy, doing so while the government was still pouring covid stimulus money into the economy would've been counterproductive.

Covid stimulus went on too long (later stimulus checks, mortgage forbearance, eviction bans), well after people had returned to their lives. And we are only beginning to see just how much of that money had no productive impact on the economy (PPP fraud, theft of unemployment benefits, scams around fake tests and masks).

Billions of dollars have been spent without contributing to GDP, governments need to cut back fiscal policy to control inflation.

https://www.justice.gov/opa/pr/us-attorney-announces-federal...