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Message: <blockquote data-quote="Up In Smoke" data-source="post: 5411846" data-attributes="member: 79702"><p>The consumer will determine the rate and duration of inflation.  Food, energy and housing will have to change course in a meaningful way.  The government can help by capping spending so QT can have the desired affect.  The loss of jobs will help slow wage inflation, which in turn will slow real inflation. Nearly 65% of all companies costs are related to labor.  The rate increases are used to slow the rate borrowing and suppress demand.  It all takes time, there is no light switch.</p></blockquote><p></p>