It appears that the Federal Reserve (Fed) may have made a mistake by over-tightening monetary policy based on faulty data regarding employment and the potential impact on inflation. If they decide to reduce the pace of interest rate increases, it could be seen as a cut in interest rates that could potentially lead to higher inflation.
However, some believe that the Fed is intentionally creating an economy with high inflation in order to pay off the national debt, which is currently around $31 trillion. The current rate of inflation is between 7% and 12% according to current statistics, or between 15% and 28% according to statistics from the 1970s.
One possible solution to mitigate the impact of changes in interest rates on the economy is to focus on producing goods. For example, if a person is producing food, they may be less affected by price fluctuations in other goods such as eggs that have risen by 49% YOY. In this case, the person may even consider increasing their prices by a small amount if the average price of eggs has increased significantly.