Concerns over aggressive US rate hikes

FILE PHOTO: Federal Reserve Chair Jerome Powell testifies during the Senate Banking Committee hearing titled "The Semiannual Monetary Policy Report to the Congress", in Washington, U.S., March 3, 2022. Tom Williams/Pool via REUTERS/File Photo

IS it the wrong time for aggressive United States interest rate hikes, as they could be hiking into stagflation or even recession?

Inflationary pressure currently is not so much demand-driven but mostly due to supply disruptions.