Depends on money velocity. Increased money velocity generally encourages inflation, and vice versa https://www.stlouisfed.org/on-the-economy/2014/september/wha...

Easy, right? Give people more money and money velocity will skyrocket.

Nope - in modern American society the acts of earning money and spending money are no longer coupled. (Which is partially why we didn't see massive consumer spending increases when the price of oil fell precipitously a few years back.)

Through credit cards and HELOCs American consumers can accumulate debt on their own schedule (and they frequently do https://www.cnbc.com/2018/02/13/total-us-household-debt-soar...) and wind it down when new cash shows up on the horizon.

Which makes money velocity unpredictable, subject to consumers' general sentiment about the economy.