All of the goldbug quantity-theory-of-money folks were screaming about Greenspan holding rates artifically low for so long -- both before the tech bubble in 2001 and up until they started to delicately raise rates after 2003.
Once the real crash starts to unfold it may get bad for awhile, but once the Billionaires start getting worried about it they'll hit the monetary gas pedal again. SWEs will mostly weather the storm, and even if it gets bad enough that a lot of them lose their jobs (particularly at the margins), it'll still all come back.
Which is to stay that the Fed will definitely not stick to their guns once something significant pops.
(And your analysis kind of shows that there will be significant pain because everything has been built up around the interest rate environment that we've had post-2009 and trying to create any kind of structural change there will definitely cause a crash -- And the Fed works for the Billionaires so once they start to feel the pain then policy will reverse)