> The Federal Reserve is not on a "quest" to "raise interest rates and inflation", it is raising interests rates as a means to avoid deflation (or, phrased diff

> The Federal Reserve is not on a "quest" to "raise interest rates and inflation", it is raising interests rates as a means to avoid deflation (or, phrased differently, to maintain, rather than raise, inflation.) Raising interest rates generally lowers inflation. The Fed recently raised interest rates because it thought the danger of deflation had receded as inflation had begun to increase (though inflation remains below the 2% target.)