When will the Feds realize how crippling higher oil will become? It just amazes me that they still talk of inflation, as if that is going to be a problem if they torpedo what is left of any bullish consumer sentiment. I hope they have looked at past history and seen the damage they have done, almost always overshooting with their reliance on lagging indicators. Why put the economy at risk now? To play tough for academia? There is little if any downside in pausing now and a heck of lot more danger in staying the course. Mr Bernanke, speak out now and calm the markets! That is your job.
This entry was posted
on Wednesday, July 05, 2006 at 8:26 AM.
