And the economy is expanding rapidly.
Come springtime, both normal economic expansion/ recovery from pandemic-induced sluggishness, AND a boom in infrastructure activity across the nation will be a major boost again, for the economy. That will run through November of next year before it gets too cold in the north for infrastructure to continue. But then Holiday season shopping will boom off the charts because of all the pent up demand the past two years, and plus this summer's economic boom.
The next twelve months will see a 5%+ expansion in the US Economy (read: GDP); something Trump and his fellow GOP idiots could only salivate over (but not have the F'ing brains enough to engineer).
Inflation? Fix the supply chain issues, which will occur naturally as logistics log-jams and sluggish OEM manufacturers clear up by springtime. Funny thing is major investments being made right now to expand raw materials production, manufacturing capacity, etc. will both slow down inflation AND create an additional boost to the US Economy. Raise the Fed Reserve rates by 75 basis points (three 25 basis raises and then hold for the rest of the year as inflation wanes temporarily... save the next 50 basis points for 2023...) and that's that.
Book it.