Monetary is control by the government, they spend and they do taxes
Fiscal is control by the Fed, there three tools are discount rate, RRR, and a open market
The government would spreading would continue to increase and the prices would also increase. The tax code would lower taxes, increase the spending, and increase the prices
The Texas economy has good manufacturing and retail. The housing market is slowing down, labor shortages. Texas is the beginning of inflation.
The Monetary policy is contradict.
The government economy activity is increasing, U is decreasing, inflation is increasing, P is increasing. The Fed fund rate is increasing this helps the Texas economy and the Fed is on a limit money supply.