this ones for you JavaPowell spoke of "significantly reducing the size of our balance sheet" and also emphasized that ending the current bout of inflation will require pain in the form of job losses. He also emphasized that there is no short-term solution, strongly implying that the current effort to end inflation could possibly take years.
seems he agrees with me.The financial pains are just beginning and he's chitting his pants that this scenario bleeds over into the housing market and will create a rolling snowball effect . The 30 year fixed is almost 6% on housing, this will intensify and demonstrably go up causing foreclosures /people walking away from there debt obligations because they lost there job/laid off at the auto plant.