Well isn’t that what needs to happen? Suck some of the loose cash out of the system?
Suck money from the system while Biden injects trillions into the economy thru government spending.
The woke Fed is owned by the banks and other special interests. Wall Street is more important than Main Street. The central banks rule the global economy, but some things are even beyond their control. Expect a Deep Recession starting sometime in the 1st quarter of 2023.