The way in which we achieve the goal can be adjusted, depending on the circumstances. This flexibility is important to be able to stabilize other aspects of the economy that also matter, but for which the desirable level can change over time or depending on the circumstances.
Thus, under flexible IT, the central bank seeks to return inflation to its medium-term target while mitigating volatility in other dimensions of the economy that matter for welfare, such as employment and financial stability. For most shocks, these goals are complementary.