Agile needs to be married with OKRs for mid-long term strategy. This gives product development more "why" to complement the "what."
As a technical PM, I have taken a step back from agile in setting quarterly OKRs. It has allowed me to focus on the customer and market needs with great success.
However, as the team gets looser with agile I see deliverables slipping, overengineering, user-less features, and development becoming a black box creeping in again.
Agile on its own isn't enough. So if you want less, think again.