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Joining the answers that I gave recently to Deutzsche Börse Zeitung and Le monde, I think the problem is one of instruments more than objectives because the pure bet that the expectations channel will push up inflation will not work. The same applies to price level targeting.
I have no theoretical objection to 1pp but there is a credibility problem if 2% has been difficult to achieve in several jurisdictions. A range centered on 2 is not helpful now. It would be seen as just a possible excuse to accept 1. So, difficult question and so I did not vote
I would need more space to fully address the issue. Not on Twitter then.
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