“A highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens,"And I'm glad they did it. It's not inflation targeting or nominal GDP targeting, but it's more-or-less a commitment to be irresponsible. (I personally don't like that characterization, because I think this is the responsible thing for the Fed to do.)
Anyway, they are testing a big idea here. We'll see if it works.