It is crazy. And the Fed/Treasury know this, but have clearly backed themselves into a corner. Note how quickly Yellen reversed her comments about raising rates to combat inflation when the market dropped a measly 2% yesterday. The stock/credit/real estate markets have become so bubbly, and so much individual savings/wealth has been thrown into them and other nonsense like shitcoins, that they are now a significant risk to the economy if they falter. The Fed has no choice but to promise zero rates and more emergency QE even though the economy is growing at an almost unheard of rate and showing signs of overheating.