Falling asset prices are a huge roadblock to inflation. With the decline in stocks/ crypto people will put many new purchase on hold. I would not be surprised to see inflation moderate significantly in 2022 and thus it will not be as urgent for FED to raise rates, although their will likely be a few necessary rate increases in 2022 and 2023 regardless.
The FED new goal is to ensure homes and autos can remain affordable to most Americans.