[revealer]

Fundamentally the high inflation is due to very strong post-Covid consumer demands + too much focus on green energy + sudden fossil fuel supply disruption due to war. 

The Fed is striking a balance between controlling inflation vs preventing a recession. It is in control of how much it wants to tighten. 

It does not have to tame inflation to levels that will crash the economy. The economy can live with a temporary elevated inflation as long as people continue to have jobs. They will then print money to give as handouts to tie over and wait out for the war to end soon.

QT is something very new.   Fed did QT in 2019 but have to abandon it when Covid came.  They might do the same this time but it is anybody's guess at the moment.
Some said the situation today is much different because the 2 US's rivals,  Russia and China are having trouble with the economy.   This might prompt Fed to carry on with the QT even knowing QT is going to cause a recession.  Lets see how.