Go over history and see what inflation does to economies. Inflation is linked to the fall of the biggest empires we know, literally. There’s plenty of examples of how destructive it is. I don’t know how this all plays out and I don’t think even the head of the Fed has a crystal clear picture. But they absolutely need to try and bring inflation down, even if that causes more pain, the alternative could be absolute collapse.They will only maintain or lower rates once they have data that supports it (and remember economic data has a lag). Economic data so far supports further hikes. SVB is a big deal and it will have big consequences, but we’ll start to see them on data in a few months