It will take us a few months to see a steady decline in indicators. Only after that will we determine with certainty the peak in inflation.
At the next two meetings, the Fed will be in a good position to consider the appropriate pace of further rate hikes and assess how high the final rates should be.
The discount rate should probably rise above 2.5%. However, we can't do that today. It all depends on how much demand declines and what happens to supply. Raising rates and reducing the balance sheet should reduce demand in the economy.