They clarified their rules -- before they just said "2%", but they switched to "an average of 2% over some period". It's not like they switched to an inflation target of 20%. Having inflation be below 2% for long periods of time is not something that ever came up before 2008, and the Fed is promising that they won't remove stimulus too soon.
I don't agree that companies failing in a recession is "natural". I guess COVID is natural, but a restaurant business that goes under because their customers are temporarily afraid of dying is not a result of being poorly run, but of bad luck. I also don't agree that there is too much risk taking -- rather I think there is too little. High interest rates on government debt rewards lazy investors who don't want to work to find good investments.
I don't agree that companies failing in a recession is "natural". I guess COVID is natural, but a restaurant business that goes under because their customers are temporarily afraid of dying is not a result of being poorly run, but of bad luck. I also don't agree that there is too much risk taking -- rather I think there is too little. High interest rates on government debt rewards lazy investors who don't want to work to find good investments.