Yeah, if you’re interested in this stuff, you should do some research. The Fed’s options aren’t 0% rates vs 15% rates. It’s going to raise rates .25% at a time. .25% is not much of a difference. It’ll move slowly and act cautiously.
The Fed, and other central banks have dealt with inflation many times before. And very effectively at that. Stocks could fall, but the stock market is not the economy, and the Fed has no mandate to prop up stocks.
Not true in the least anymore - retirement savings for a large percentage of our population are tied up in stocks thanks to the death of the pension. Asset and securities prices as a whole are a large concern for the fed when changing policy, as a result.
https://www.chicagofed.org/research/dual-mandate/dual-mandat...
* employment
* price level
* moderate long term interest rates
Cf. https://www.federalreserve.gov/faqs/what-economic-goals-does...
I'd be interested to see them, especially any from the last 40 years (i.e. post-Volker).
For pre-Volker, I'm interested in your sources from the early-mid 70s, and the way inflation was "controlled" in the years immediately surrounding the release of the gold standard.