that doesn't make sense, unwinding the balance sheet means they are doing the opposite of QE, if they do more QE it will only be if there's another shock to the global markets/economy, ie Europe
How will raising interest rates be the "end game for the Fed"? Raising interest rates is one tool the Fed uses to fight inflation, which is a lot easier to do than trying to fight deflation...moderate inflation is healthy for an economy, because when there's inflation people buy today because they think things will be more expensive tomorrow, which would help the housing market actually...
...in a deflationary environment, people don't spend as much money because they think things will be cheaper tomorrow and then businesses lose money and when they lose money they lay off people which creates higher unemployment...that's why deflation is the Fed's biggest fear...and obviously "hyper inflation" is not healthy, there's a difference between inflation and hyper inflation