“Up until recently, there was pretty overwhelming support by central bankers to keep U.S. interest rates low by buying up bonds in a second round of quantitative easing with the goal of boosting our slow-growing economy. But the debate over the right policy prescription is about to get more complex (if it isn’t already), as the Federal Reserve now has to deal with higher oil prices that could add to inflationary pressures.” Read more.
“Higher Oil, Higher Inflation? The Fed Can’t Decide”
Nin-Hai Tseng
Fortune, March 9, 2011.
Image by Suat Eman / FreeDigitalPhotos.net.
