Inflation is not a bad thing when in a tight bracket. It favorises consumption. (Inflation = price raises + salary raises)

1% inflation: strong dollar.
3% = trouble
5% = out of control zone, Zimbabwe mode.

That is what the Fed watches when they have their hands on the tap of QE and on the IR.

I personally see a 1:1 parity between USD and EUR at mid 2017.
Super Mario (Draghi) just fell in love with QE...