I think the FED knows perfectly well that their strategy is driving inflation, they simply do not care to work to correct this trend, in fact they recognize the increase in the consumer price index, however they assume that this will be temporary, that it will not be necessary to raise interest rates given the need of the rest of the world to use American money to mobilize their own economies.

The time will come when this house of cards they call the fiat system will totally collapse, they know it and that is why they will not try to stop the fall, for the simple reason that they already have a plan B designed and waiting to be implemented. The era of digital fiat money is imminent, it will not solve anything, but it will generate changes that will be seen as 'revolutionary' in the eyes of the unwary. For now, people are blind drunk on incentives, but at some point the bottle will run out and the hangover will come.