Are you hoping for deflation? Inflation (rate) back to ~2% seems like the optimal outcome but I suppose you'd still be worried that it's high relative to some o

Are you hoping for deflation? Inflation (rate) back to ~2% seems like the optimal outcome but I suppose you'd still be worried that it's high relative to some other arbitrary point in history? Which point in history would that be? It's not like there's some absolute barometer of overall inflation. Employment rates: You can find this data and it doesn't really seem all that alarming to me. In 2013 there were ~2.5MM marginally attached and 800k discouraged workers. Today there are 1.5MM marginally attached and 400k discouraged workers. https://www.bls.gov/webapps/legacy/cpsatab16.htm https://www.bls.gov/webapps/legacy/cpsatab16.htm (I picked 2013 only since it was the earliest data shown on the chart.) That scenario is plausible at any point in time, no? We have to do what we have to do and yes, it could definitely turn out poorly, but so far there's been a whole lot more talk of doom and gloom (for years) than actual doom and gloom. It's not clear there's another path of action anyway. If you know of a "slow inflation but don't risk spooking lenders" button, I'd love to hear about it.