i have been having a fit over Bernake lowering the Fed rate to 2%… but i have been calming myself down and am starting to think a little more calmly.
it seems to me that continuously lowering the Fed makes for a shortsighted solution that is focused on the slowing economy. one that is more like a triage technique. it was good for when we first got in this pickle… but now that we are at the hospital, lets get some surgeons in here! we need to look at the whole picture, not just a slowing economy (imports are down and so are our exports), but the rising risk of inflation. I am in the party that says inflation is going to start causing a serious problem. we need to try to regulate that as best we can! cause as far as i can see we are looking at one of the worst inflation rates in decades if we don’t!