Since governments all over the world are in debt to "central banks" of which the Fed is complicit, an increase in interest rates on a $21 Trillion US debt, costs American taxpayers billions in interest payments per year. There is currently no sign of inflation; and whatever inflation there is is caused by the Fed. They desire for the world to be debt slaves. You might read this excellent book to get the real story.Excellent book on the subject is the Creature from Jekyll Island sold @ Amazon.