Higher interest rates won't stop greed.
It'll hurt families who need to buy a new car or need to sell their home though.
If they refuse to address to cause of recent inflation they might as well keep jacking up interest rates. Maybe a few years of recession will do enough real harm to companies who just want to price gouge and squeeze their customers for every penny that they'll get the message, but there will also be a lot of unnecessary harm to people whose behavior has nothing to do with the rising prices we've seen.
If they refuse to address to cause of recent inflation they might as well keep jacking up interest rates. Maybe a few years of recession will do enough real harm to companies who just want to price gouge and squeeze their customers for every penny that they'll get the message, but there will also be a lot of unnecessary harm to people whose behavior has nothing to do with the rising prices we've seen.