The FED will keep going until everyone bends the knee to them...

The FED cannot stop inflation by raising rates.
When there is a lack of food, food prices will rise until only the few can afford it. (the rest of you go die, or eat ze bugz)
Inflation is being caused by a lack of goods in the system. (thanks covaids lockdowns)
and thus, no amount of raising rates will stop that.

However, it will cause extreme deflation in asset prices.
Causing all the equity any little person has to evaporate.

But the most important thing, tempting all that money into bonds/banks for that higher "risk free" interest rates. And then, the currency re-valuation comes.
FedNow will be forced down everyone's throat...

... this fails, and the pain will be bad.
Fortunately, this will make crypto really important.