The NYT article I posted on Paul Volcker shows what can happen when you 'do the right thing'...it won't be Biden alone that has to dodge the rotten tomatoes, but the whole Dem Party...perhaps this is why we haven't seen more action on that front for quite awhile...even before COVID hit, I was speaking with our 'family Econ gurus' about the interest rate issue...can't go on forever.
Bottom Line...every (fun) party needs a break...or an Adult who knows when to call it a night.
Oh, one more thing...as I understand it, the "Grand Plan" is to gradually raise rates by the end of next year...obvious questions are "How Much?" and "How Quickly?".