The beginning of the text feels really odd, almost GPT-3-like at some points. At least, that's the way it seems when you do not know the jargon. It just rambles on and on. Thankfully it gets more coherent later on, but I am not sure what the author intended to say in this piece.
That "we're going to allow even bigger than 2% inflation" is the bullshit of bullshits because they've never even been able to hit that 2. Means all the printing's been useless and things are going to shit. (or have already)