The Federal Reserve is not the government. It is not Biden.Biden’s Latest Christmas Gift: Another Interest Rate Hike | The U.S. House Committee on the Budget - House Budget Committee
The Official U.S. Congressional website of The Republican Budget Committeebudget.house.gov
It is reacting to inflation, which was created by (a) Trillions of dollars of QE over several years, (b) Collapsed global supply chains and (c) the Fed's own failure to react to inflation for about ten months.
I know you're not told any of that in your world. But that's what happened. And again, the Fed is not the government. Nor is it Biden.