You're like Bernanke. You don't like the yield curve because it doesn't agree with your feelings. Like it or not, it is a market indicator that compares yields of securities at different maturities. An overnight loan should not carry an interest rate higher than a 30 year loan, or any loan of longer maturity. That's what the market says. If you don't agree with it, then you are for government intervention.
Like I said before, the Fed's credit cycle doesn't do anything to stop inflation.