Fed's Policy Pivot - Too Little Too Late?

Fed Statement:
https://www.federalreserve.gov/newsevents/pressreleases/monetary20220126a.htm
With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate. The Committee decided to continue to reduce the monthly pace of its net asset purchases, bringing them to an end in early March.

Fed ready to tackle inflation with interest rate hike in March, pointing to strong job growth amid the pandemic
https://www.washingtonpost.com/us-policy/2022/01/26/fed-powell-interest-rate/

Fed Does What’s Expected, Not What’s Needed
https://www.bloomberg.com/opinion/articles/2022-01-26/fed-decision-central-bank-does-what-s-expected-not-what-s-needed

Fed’s Policy Pivot May Prove Late and Abrupt, Critics Fret
https://www.nytimes.com/2022/01/25/business/economy/fed-economy.html

My take:

Can the Federal Reserve engineer a soft landing for the US economy?
https://thehill.com/opinion/finance/587953-can-the-federal-reserve-engineer-a-soft-landing-for-the-us-economy

How did the Fed get it so wrong on inflation?

https://thehill.com/opinion/finance/581582-how-did-the-fed-get-it-so-wrong-on-inflation

A still-dovish Fed raises the risk of stagflation lite
https://thehill.com/opinion/finance/580712-a-still-dovish-fed-raises-the-risk-of-stagflation-lite