the article "The Fed's Inflation Target: Why 2 Percent?", David Wheelock of the St. Louis Fed notes 3 arguments people make fo eeping inflation rates positive. These include: a. The actual rate of inflation is probably lower than the measured rate of inflation b. Higher inflation is correlated with higher interest rates, allowing room for the Fed to cut interest rates when needed c. It is better to have low rates of inflation than for the economy to experience deflation d. Each of these answers is correct In the article "Why Fed's Powell still thinks inflation is 'temporary", Fed Chair Powell: 1. Is not concerned that high inflation rates will become permanent II. Believes that tightening monetary policy will be harmful III. Is in favor of beginning to reduce the Fed's $120 billion monthly asset purchases a. I only b. I and II only c. I and ili only d. L,II, and