Federal Reserve Chairman Ben Bernanke put the U.S. dollar squarely on the Fed’s radar screen, saying its slide against other currencies has led to an “unwelcome” rise in U.S. inflation and may be a factor in inflation expectations.
Mr. Bernanke also suggested that the Fed is unlikely to lower official interest rates further, though his remarks [...]
The inflationary reality that we as consumers have been living for months may finally be starting to dawn on the U.S. Federal Reserve.
It’s about time!
The minutes of the last policymaking Federal Open Market Committee (FOMC) meeting, released on Wednesday, showed that the Fed’s inflation forecast was raised from a range of 2.1%-2.4% to a range [...]