Is the Fed Really Raising Interest Rates?

We're at 90 trillion, fixed liability, fixed maturity, very venila debt r not talking o know, synthetics or derivatives. And the fed is signalling that it's going to it's raising interest rates. But my view of this world is the only thing that really matters is the fed's balance sheet. That from the feds perspective, their only ability too truly impact interest rates is by changing the supply of dollars. In response to inflation becoming out of control, they have signalled that they will have fortitude and mono what the fed did in the 19 seventies. Albeit, we're in a n entirely different world to day. The construction of the monetery system could not