You don't want to fuck around with inflation because at a certain point it becomes a self-fulfilling prophecy (ie. merchants raise prices pre-emptively just because they internalize inflation at a high steady state).

The Fed has two mandates, not three:

https://www.stlouisfed.org/in-plain-english/the-fed-and-the-...

"... maximum employment and price stability"

maximum employment is a pandemic period objective. they aren't intending to crush the labor market. the fed has largely behind the curve in addressing inflation.

the mandate is maximum employment and 0% inflation.

So strange. It’s almost as if they’ve picked a side in the conflict between supporting labor or capital.