@ddljohn-- Economic growth is good but if it occurs too quickly, then supply and labor will not be able to keep up with it. When the economy grows rapidly, demand suddenly goes up and supply can't keep up. This causes prices (inflation) to go up.
What we want is stable growth, growth that is average but sustainable.
Also, I want to point out the difference between fiscal policy vs monetary policy. Monetary policy is what the Central Bank does. Fiscal policy is what Congress does. Tight monetary policy has to be supported by fiscal policies to be successful.