Should the Fed raise the Interest rates?

We Know that four things determine Nominal interest rates, first the money supply and money demand in our market determines the price level. This price level determines the inflation rate, and then inflation rate determines what the Fed will set the interest rate at. In this article there is a debate on whether or not the Fed should continue raising the interest rate, or if they should pause on raising it until a later time. "Cleveland Federal Reserve Bank President Sandra Pianalto said, Friday it was crucial the U.S. central bank anchor inflation expectations and explained that their stability was an important reason she supported a decision to hold interest rates steady last month" She believes that we first must look at what the inflation rate was predicted to do in the future. "Unlocking some of the mysteries about inflation expectations may help central banks to decide whether, and how, to incorporate a numerical inflation objective into the monetary policy process." Was one of Pianalto’s several suggestions. After reading this article it sure did make me think about the benefits and the con's about increasing the interest rates in the United States. What do you think?