Insofar as that means that the 'great inflation'is well and truly finished, that is a good thing, provided of course that we are alert to the new sorts of risks which can emerge. There is probably a bit too much emotive baggage which is carried about with the word 'deflation'.
There is a mutual understanding that when you take all into account, you see that on both sides of the Atlantic, what has been done on the fiscal side corresponds to the gravity of the situation.