The next is a hypothetical situation, and I want to know the explanation of the theory behind the Bank of USA’s policy based on the Keynesian model: The Bank of USA is increasing interest rates to reduce USA’s high inflation rate to the Bank of USA’s target of 2%.

Economics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter15: Macroeconomic Policy, Economic Stability, And The Federal Debt
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The next is a hypothetical situation, and I want to know the explanation of the theory behind the Bank of USA’s policy based on the Keynesian model:

The Bank of USA is increasing interest rates to reduce USA’s high inflation rate to the Bank of USA’s target of 2%.

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