And of course what the FED is still avoiding here is that if the interest rate increases too much, it will end up in a Recession which they also don't want to happen. Because the FED has only two enemies here, INFLATION, that's why it raises the interest rate, but as they continue to rise, the banks are put in trouble. And their latest here is the FRC (First Republic was rescued by the FDIC and JP Morgan.
To begin with, inflation in this case is not only due to money printing. If the US was producing more oil instead of having to beg for it from dictatorships it would have less inflation.
The fact that it is raising interest rates is not all bad, since it is partly offsetting the excesses of its monetary policy of the last few decades, which has consisted of printing and printing. The problem is that this leads to a catch-22 situation, because if it continues to raise rates it will lead to situations such as the bankruptcy of banks (which have given long-term loans at very low interest rates and are now borrowing at higher interest rates), as well as slowing economic growth or even leading to decline.
In the end, the way the system is set up, I think they will have no choice but to continue printing as they have already done by providing liquidity despite the rate hikes. The system is set up this way and leads to a continuous devaluation of the dollar.