[psychlops]

No, you are right as my reply was ambiguous. Inflation is high which (i believe) would usually call for a higher Fed rate as they did in the 80's. As it stands, they are keeping rates relatively low. I just looked it up and Volcker pushed rates up to 20%(!) in 1981.

It is my belief that the strategy is for inflation remain higher in order to drop federal debt.

[QuarterReptile]

I'd say that's the strategy for about 530 of the elected representatives in Congress (and by extension, for just about everyone), whether or not we recognize or acknowledge it.