Incorrect, interest rates (prime rate) were a full 3 percentage points higher than they currently are during one the best periods of GDP growth in U. S. history (late ‘80’s).
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You’re incorrect because you’re not using the current yield curve to determine market rates.
A “yield curve” is just a line on a chart...perhaps you referring to the current inverted yield curve? If so that supports my position as bond investors are anticipating increasing inflation.
https://www.investopedia.com/terms/y/yieldcurve.asp
https://www.cnbc.com/2019/03/25/the-us-bond-yield-curve-has-inverted-heres-what-it-means.html