For three decades the Fed has kept inflation low. However, now they are worried that we will drop into deflation.
The Fed has kept interest rates at very low levels yet this has not helped the economy like they had hoped. Letting inflation raise to higher than normal levels in the future might help.
Many worry that the U.S. will slip into the same economic trouble that Japan has had since the '90s.
Critics did agree that the recent purchase of mortgage backed securities has helped.
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