The Federal Reserve has buckled down on its battle against inflation in 2022. The central bank has raised interest rates five times this year, marking the fastest pace of rate hikes since the 1980s. Jay Hatfield, CEO of Infrastructure Capital Management, says the Fed is making yet another policy mistake. Hatfield argues that the central bank’s interest rate hikes are now overly aggressive. BlackRock’s Rick Reider says the main risk to the economy today is that an overly-aggressive Fed is now overtightening of financial conditions, hinting at what market watchers commonly call a Fed “pivot” Reider believes the Fed may shift back to a more dovish stance over the coming months that rewards stocks and other risk assets. . . .