Funniest part of the article:

"Hamrick calls the higher interest rates 'medicine" designed to target inflation. He acknowledged that not everyone, including central bankers, understand exactly how the higher rates work their way through the economy because those costs can manifest in many different ways, but there remains "a high degree of confidence" that the higher rates do help reduce inflation"

Is this a TrUsT tHe sCiEnCe but for the economy? Lmao