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The fact that monetary stimulus (a fairly weak tool; fiscal stimulus, which is Congress' domain, is the stronger tool) is insufficient to move things as far in the right direction as desired does not imply that backing off on monetary stimulus would fail to move things in the wrong direction.

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Not sure I follow? The Fed has added +/- 3.6 Trillion to their balance sheet since the start of the great recession.[1] Excess reserves for banks went from 0 to +/- $2.5 Trillion during the same period. [2] The FED arguably brought us back from the brink but I would think that those emergency measures are for emergencies not to be used because things are "weak" but when things are on the "abyss". One person's opinion.

[1] https://research.stlouisfed.org/fred2/series/WALCL [2] https://research.stlouisfed.org/fred2/series/EXCSRESNS

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