Inflation by Increased Velocity of Money Due to Greater Consumer Confidence Shouldn’t Be Penalized by Fed

Consumer confidence is now at an 18 year high, increasing the velocity of money, more money chasing today’s goods and services, the provision of which eventually will increase because of demand, supply and demand, so the Fed should not see inflation by increased consumer confidence as a reason to raise interest rates, that inflation which would settle down after investment for the provision of more goods and services in response to the increased demand.