If we again begin to grow, at a time when inflation is still at a very high base level, then we could (create) conditions for sustainable inflation over the long term.
...
Consumer price inflation is rising, and the personal consumption expenditure basket is rising to uncomfortable levels. ... What we are trying to do ... is condition expectations of where we go, going forward, to make sure that inflation doesn't get out of control. Because we know that there is a lag in monetary policy
As reported by Reuters