Inflation Solved High Commodity Prices

The question is how long it takes for inflation to come down, and how much the Fed thinks it can affect that by continuing to raise interest rates. Their view is they're pretty close to restrictive enough. They're not sure if they're restrictive yet. So do they go to 6%? I think it'd be a slow process for them to do that because as Lindsay says, you don't want to over promise. But from the Fed's point of view, a period of pain is not only likely but necessary for the economy to reinstate price stability.