Inflation risk is more likely from a US China trade war or conflict escalations in eastern Europe or the middle east. The interest rate was a pretty blunt instrument to combat COVID induced inflation; but it's the only one the Fed has.
I'm concerned the stock markets are already overvalued; (edit: S&P500 used for these numbers) up 17% YTD over 85% on a 5 year mark... that's borderline bubble; throwing more cheap money at it isn't what we need at the moment; a more cautious return to lower rates is called for in my opinion. Give the markets time to digest and use the meeting minutes to signal likely further declines.
If you're not aware, look up the automation paradox: https://ideas.ted.com/will-automation-take-away-all-our-jobs/
Every* automation advancement has lead to an increase in employment, not decrease. Most often jobs in the immediate sector are lost, but the rise in supporting sector jobs are bolstered.
Classic examples are the cotton mill and combine harvester. The number of agricultural workers declined, but the number of jobs processing agricultural product increased. Or with ATMs, the number of tellers needed per bank location decreased, but the total employment in the banking sector increased (banks opened more branches, namely in places where it was previously cost prohibitive).
As more things are automated, what's being automated becomes cheaper and more prolific, often increasing (or creating) new opportunities. There are so many historic examples of this, it's hard to justify "this time is different" predictions... Even for things like AI automating white collar jobs.
*Edit: almost every. It depends a bit on how you count the secondary jobs, and where those are located (automation combined with offshoring results in a net decline in some countries, but increase overall).