re: Powell: Fed can maintain higher rates for "as long as needed"

I say all the following as someone who works for one the nations largest wholesalers, if not the largest depending on metric and work intimately with manufacturers. I believe we are in a bit of a vicious cycle where manufacturers are increasing prices because debt is expensive, but there is no scale back in manufacturing because of the lack of shift in consumer behavior. The scale i.e. interest rates needs to tip one way or the other, increase rates high enough to actually drives change in discretionary spending or reduce rates to lower the debt burden on manufacturers, reducing the price of goods (which likely wont happen).