This inspires confidence:
The Federal Reserve spent the past three decades getting inflation low and keeping it there. But as the U.S. economy struggles and flirts with the prospect of deflation, some central bank officials are publicly broaching a controversial idea: lifting inflation above the Fed’s informal target.
Not as bad as the 21.5% prime rate of the Jimmy Carter years… but concerning non the less.
Wall Street Journal, Fed Officials Mull Inflation as a Fix , OCTOBER 7, 2010