that debate can go on forever... but the Fed people are seasoned economists.. I don't see any alternatives here. deflation is a bigger problem... hence the 2% safety margin.
deflation is only a big problem for the debter! who is the biggest debter of them all? the us gov... that have to keep inflation above a certain threshould to keep up with the payments...
for the debtor yes... but not 'only'... japan already showed us... price goes down, people hoard money, price goes down more... no investment/expansion... death spiral... that is a problem for everybody.
Contraction is a healthy and wholisitic correction .. inflation never has a net posittve result... Deflation is not the enemy
might as well don't worry about it, and leave it to the experts (no sarcasm) at the Fed... I sat in a meeting with Loretta Mester the Cleveland Fed prez once, the amount of thinking went into forecasting and decision making is huge.
then I guess speak for yourself... I certainly don't want myself or my kids to live thru a 'lost decade' like in Japan. contraction maybe healthy, but I'd rather not risk that... what if it doesn't turn out to be healthy. life is good now, why fix that.
too lazy to read... and there is no need to read.. too many theories out there.. I only read charts.. up is good, down is bad. simple. the thing is, most of these people who go 'fed is bad, dollar will collapse, buy gold bitcoin'.... these people either have an agenda (gold silver salesmen, or bitcoin cult members).... or they have missed the equity rally and have been kicking themselves everyday and can't wait for a collapse.