Targeting-Inflation/Interest Rates

Targeting

When looking at targets, you will find that this is very important for economies to evaluate. If the Fed was to conduct targets, it will make their job a little bit more transparent. How effective would their policies to help stabilize our economy?

Inflation or Interest Rates

When looking at the Fed, you will find that they are trying to measure both inflation and interest rate changes. What is more important for them to monitor and target, inflation or interest rates?