I’m against it. But people are rightfully worried about deflation. Its a terrifying situation from an economic point of view.
But you’re right. There’s very little sign of deflation (yet). We can hold rates higher, and maybe even go another +.25% up. Inflation is at a safe level right now, not too high and not too low, but we need to stay on guard to make sure it stays in this golden zone, and move as appropriate.
There were too many new jobs (too little unemployment) again in January. So we might still have rates too low IMO.