>

Sure, I thought the same about the delayed timing, but that thought was based on assuming avoiding inflation is the priority.  
Let's face it, there was far greater risk to the economy than inflation. Massive unemployment would be a worse outcome than inflation, and that's the trade-off that was knowingly made.
This isn't really a fair comparison.  To be blunt the EU was intertwined with events in Ukraine and doesn't have the luxury that the US does with having a capable domestic natural gas system that can deliver its energy needs.  While the EU was scrambling to try and backfill supplies during the spring and summer.  The environments were different and you just can't compare the two based on that since the US didn't nearly have the inflationary pressures that the EU was dealing with. >

True, there are many differences between the factors for inflation that the two banks were needing to take into consideration for strategy. However, I still think it's useful to draw a comparison, especially considering that both countries were experiencing similar inflation pre-war. I think the fact that there's differences means there's more we can learn from a discussion like this. 
I hope more people will bring the differences up in this discussion. >

Going to disagree.  it actually isn't useful to compare here.  If you want to isolate this to 2021 then I would agree.  But 2022 has way to many other factors that makes any useful comparison impossible. >

Agree to disagree, but you seem knowledgeable on this so I hope to find you in some of the discussions that might happen on this post :) >

The other thing being completely ignored is the solvency of the southern countries.  Aggressive rate hikes could plunge them into a recession that could jeopardize the EU as a whole. >

True.  High inflation is the borrower’s friend since future payments will be worth less in real terms.  Slowing inflation by raising interest rates is a double whammy for net debtors.  This is made even worse if any debts are payable in dollars, or any currency other than Euros, seeing as the Euro has fallen so significantly. >

I think the Fed is doing a better job but I think they both waited way too long to start raising rates.
The economic signs of an overheated economy have been in place since 2021 but both the Fed and the ECB were likely worried about raising rates during the pandemic.
As a result, to try to keep inflation in check both are raising interest rates dangerously quickly.
The fed was at least smart enough to spread out the rate hikes a bit.