Soooo... the Fed will make sure that more people share the inflationary pain of having things less affordable by making more things less affordable.
Quick doctor, the patient is bleeding profusely so we must draw out some blood so that he won't have as much to bleed out. Well, you have to admit that there is a certain logic to that.
Oh, and one piece of evidence that the Federal Reserve is VERY EFFECTIVE at whatever it tries:
Michigan Unemployment Rate