One thing the federal government and the Federal Reserve don't seem to want to admit is the fact that inflation is actually pretty bad within the United States. Americans have lost a great deal of buying power and goods are rising in cost. The federal government denies this each year in their inflation reports but it doesn't stop it from actually affecting people, so attempting to spur the economy has very much led to inflation.
If there is one thing I have learned about government and money, it is that the one does not know how to care for the other. Whether or not the Fed's actions will cause inflation should not be a question that anyone debates. The real question is, how severe will the inflation be?
While they clearly can't actually print more money, which is the obvious technical cause of inflation, the ability to alter the interest rates, especially their ability and proclivity to lower interest rates, will definitely cause inflation in the short and long term. The fed,believes it is working in the people's favor, but might not.
The Federal government does not cause inflation by its attempts to spur economic growth. Inflation is based on an overall economic outlook, and minor government interference will affect only direct interfered items, not a standard basket of overall goods. McDonald's will not be affected unless the government changes the minimum wage, and I don't see this happeneing until at least 2016.
No, the Fed's attempts to spur economic growth will not cause inflation. The Fed's attempt to spur economic growth will not cause inflation, they have raised interest rates, which means that money will be removed from the system and that is the key to stop inflation. We will not experience inflation.