inflation question

[pms]

Isn't all this talk about Fed raising interest rates to curb inflation total
BS?  I mean the real inflation in yesterday's numbers comes mostly from two
areas: oil prices and soaring healthcare costs.  Raising interest rates
could, I suppose bring the economy to a standstill so that people can't
afford these things and maybe prices would fall.  But wouldn't the interest
rates be going up, not because the Fed does anything but because foriegners
dump bonds and the dollar?  And won't oil prices continue to rise anyway
because the dollar goes down?  I guess my question boils down to, is all
this Fed Speak total bunk?