By manipulating interest rates and by generating money out-of-thin-air, the Fed creates an artificial boom. Everything artificial must ultimately return to reality. The sooner the return, the better.
What you are suggesting is that Fed Reserve is playing with their own financial eco system. It's easier said than done mate! Understand one fact that no economy can make money out of thin air. There is a process and every country follows that. If a country prints money out of thin air, the economy will collapse beyond your worst imagination. I hope the below article can help you to understand,
https://www.wisdomtimes.com/blog/printing-money-can-a-country-print-money-and-get-rich/Nowadays, fiat currency is majorly backed up by debt along with few other backup assets. That's where China is trying to become the next superpower by giving out loans to small and needy countries. I disagree with the whole statement here!