Should consider tightening policy when inflation strikes 2.25%

Advocate a policy change as long as the unemployment rate drops below 5.5%

In arguing for an aggressive stimulus plan

Support the introduction of target levels

The plan assumes a soft Fed policy for four years or more

Price stability corresponds to the rate of inflation in the range of 1.75% -2.25% in the medium term

It is unlikely that the Fed will face significant pricing pressure for some time