[Nbox9]

It’s potentially bad because the market isn’t as simple as “keep inflation at 2%”. We also want GDP growth and low unemployment. The tools we have to decrease inflation can hurt both of those metrics. This means our position is risky, and the treatment to reduce inflation might have strong consequences.

[bladegash]

That’s fair, but we were also running out of tools to increase liquidity/inflation as well. Not many tools to increase inflation to a healthy number when interest rates are already at or approaching 0% and billions of dollars are being created out of air.