Recruitment difficulties and monetary policy

The key question is: will the economic slowdown in the United States and the euro zone, due mainly to the decline in household purchasing power, be sufficient to drive down inflation without central banks having to raise interest rates sharply? It is important to note that companies are having great difficulty recruiting, fuelled by the decline in labour supply (United States) and the sectoral mismatch between labour supply and demand. A simple slowdown in growth would not then be enough to significantly reduce hiring difficulties, and therefore significantly curb wage increases and inflation. It is therefore to be feared that strong action by central banks will be needed to control inflation.