Inaction by the fed is better at this point because the reason there's an inflation crisis to begin with is due to the fed's inability to stay out of economic matters that do not pertain to them -- The global economy is dumping USD from their currency holdings so soon enough USD won't be the world's currency reserve anymore.
Right now it's a madness we have credit Crisis and shortages of money Im full Western country person Im not use to with struggles i want to take Loans use credit doing shopping and consume all the goods but RIGHT NOW my bank don't Even let me to make my credit card limit higher..wtf like something got to be done we are not use to with poor life and printers need to be turned on asap and need to find ways to reduce inflation still Even the money printers Are on.
Your situation is not unique, unfortunately. You've been screwed over by the government's fiscal irresponsibility. I'd caution, the answer is never more government, more regulation, or more control.