Many argue the one thing worse than inflation is deflation. The Japanese have been dealing with that for close to two decades. Their govt actually handed out stimulus checks to get them to buy things and try to pump up prices but the vast majority used the checks to pay routine expenses as the prices for everything continued to drop. I think they got a recent uptick in inflation after all these years.

Also, I always thought the FED had an interest rate dial but what they actually do is buy or sell Treasuries to increase or lower the money supply which results in an interest rate change. So basically, they will quit buying as many treasuries. The scary part is they can buy an unlimited amount of treasuries - this is known as "printing money". So what they will do is decrease the rate of printing money. NEED A TTOL ECONOMICS SECTION.