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And yet somehow they have in fact kept inflation at less than 2% while bringing unemployment to near zero (well, pre-pandemic, as the rest of the article, this

And yet somehow they have in fact kept inflation at less than 2% while bringing unemployment to near zero (well, pre-pandemic, as the rest of the article, this year's numbers are screwy). That's weird, right? What's up with that?

qppo 6y ago
That has more to do with globalization and how we measure inflation and unemployment than monetary policy. If you look at markets that aren't influenced as highly by global trade (like housing, healthcare, and education) they are greatly inflated.