The Fed's Extraordinary Intervention in the US Economy

In 2009, the US at the time had the highest high yield default rate in its history. In 2010, the default rate fell below its long-term average. Can the Fed repeat that hat trick? Well, I think we're getting to a point where the inflationary effects have caught up with this. The counter-argument is that if they keep rates high for an extended period, it will bankrupt the federal government as the debt rolls over.