Which has absolutely nothing to do with effects of interest rates and money supply growth.
But I can see why you’d prefer to change the subject.
What are you talking about? Cost push wage inflation slowed GDP growth in the 1970's. It was a totally different situation. The historically low interests rate we have now will not cause cost push inflation - they can't. Americans have lost any power they may of had over wages. Also, with falling energy prices the inflation monster is in a cage. THIS IS NOT THE 1970's.
So besides hurting Trump, GDP and Main Street what are the benefits to raising interest rates at this time?