Inflation Given how well equity markets are doing with high risk free return, it tells me currently inflation is not as big as a threat to the economy as the media and central banks portray. Think about it 8% inflation was not a big story during covid times, it was all about cases and re-openings etc. Inflation has likely always been higher than 2% but just now getting stubborn attention.
If honest solutions were looked at, for big impact items, food, rent, energy, Healthcare, raw materials, and given incentives to ramp production like opec flooding markets with oil, that would help. Rates can't tank everything that's non interest rate sensitive