high prices are the cure for high prices.

in a sense this is a good thing if it halts the consumer in its track.

the more consumer weakness the sooner we can get rid of inflation and get back on a sustainable growth trajectory.

if instead demand was still booming i think the fed would have to raise rates even more aggressively and cause a more serious recession

the only downside is if it just causes them to spend the money they would’ve spent on gas elsewhere