Technicalities…. The treasury creates money, the FED with interest rates makes it available/cheaper to borrow so it hits the open markets which is us consumers…..

Low interest rates makes people borrow/buy shit, which makes the economy hot which creates inflation…. Raising interest rates os the break on that heat and inflation should slow…… but all these decisions take time to hit the consumers, sometimes months and even years….. depends on too many variables to nail down when/how/how much they will affect