That's a flamboyant statement but is just stating the obvious and sometimes it's hard to take those people seriously. It's not their true objective of course, which is fighting inflation, but is an outcome none the less. The whole point of raising rates and QT is to reduce demand in the economy. If it is successful it will at minimum reduce pricing pressure on goods and services sold in the economy.Dudley, the former head of the NY Federal Reserve, said yesterday that the Fed has to tighten policy enough to make stocks fall, so that pain is felt in the stock market.
As an aside the only governors I listen to are the chair and vice chair. The rest are political, talking to their local audience.