Monetary policy is not a panacea.
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
At best, in such depression times, monetary policy is a feeble reed on which to lean.
Domestic inflation reflects domestic monetary policy.
Monetary policy itself cannot sensibly be directed at reducing imbalances.
Inflation is always and everywhere a monetary phenomenon.
The monetary policies of the US will destroy the world.
Any debate among politicians about monetary policy is counterproductive.