Fed Governor Christopher Waller said he's been encouraged by recent economic data.
Households added $351 billion in overall debt last quarter, taking the total to $16.5 trillion.
Fed officials delivered their fourth straight 75 basis-point hike.
Falling bond prices mean paper losses on the holdings that the Fed accumulated in recent years.
Several Fed policymakers have said they want to see a decline in core inflation before they slow the pace of rate increases.
The Federal Reserve chair said the central bank will not flinch in its efforts to curb inflation.
Forecasts call for a healthy, yet more moderate 298,000 gain in August payrolls.
It may be a long time before the central bank starts the process of monetary easing again.
Most pandemic-era inflation came from a demand surge, but supply-chain constraints stoked it.
Economists at JPMorgan and LH Meyer now expect 75-basis-point rate hikes in September.