Highly unlikely. Remember, Fed (as in "The Fed") policy has changed since the 1970s and now "inflation" is their Public Enemy #1. Remember also that recessions have been caused by increasing the Prime Rate to less than HALF of what we saw back in 1979.

No doubt that interest rates will go up but it will be to slow down the economy once jobs and other activity catch up to the money that was dumped into the system to prevent a collapse.

One thing, though, I'm unclear on where you got your 130% figure.