Market is like a spoiled idiot, who believes everything must be bowed to his or her will (BTW is there a female idiot?). Jerome Powell, on the other hand, is a doting idiot who waited too long to raise the rates. Had he started much earlier with smaller incremental hikes, he would not have had to take such a drastic steps. But then again, it ain't just Powell. All the previous Fed chairman (and woman) are all idiots. They're like moving averages on a chart, very much behind the price curve, always reacting but never able to forecast what's to happen.
It's too bad there are no more Milton Friedmans around anymore. But even if he were, he'd have been banned from our free-thinking Twittershit & FuckBook platforms, then cancel-cultured from any other political involvement due to the new Wokenomics. Basically, we want to censor free-speech, to protect free-speech. And we want to print money, to combat inflation from printing money.