Is the Fed Making Inflation Higher?

The inflation data that we're getting today, particularly core inflation is over estimated and inflated. We basically because of the way the Bureau of Labor Statistics computes it's very delayed in housing prices. And then once people flip from buying to renting, suddenly they overshot on the other way. If the FOMC is raising their rates, helping to drive mortgage rates higher, which is sending all these people to rent is the Fed indirectly making inflation higher.