The fact that the US Fed has determined that real rates above 0.5% are a threat to both economic growth and 2% inflation suggests the economy is not "in a good place" but extremely fragile.
Fed Chairman Jerome Powell said in prepared remarks that the central bank would use its monetary policy tools to keep the U.S. economy in a good place. Mr. Powell spoke at a news conference following the bank’s decision to keep its benchmark interest rate steady.
Perhaps the steady stream of historically informative indicators (such as the below spread between present