Is the Fed Making Money More Expensive, People Spend Less?

It's not clear that, you know, one or two or three or four interest increases is going to do all that much, right? It may take more than that to really tighten borrowing conditions. The mechanism by which fed actions feed into the economy and effect hiring an e inflation, is through, as you say, borrowing. If the employer has a bunch of debt, especially if it's short term debt, and its having to pay a bunch of interest payments every that it didn't have to pay last month, then they can't pay on salaries. So i think my my scepticism here, and i'm not completely sceptical. I still believe in melentary policy to some degree