siresage

The Fed Must Keep Pace with a Constantly Changing Economic Reality

Absolutely moronic. It takes a full 18 months for the real (not psychological ) effects of a Fed reserve move to fully impact the economy. We are feeling the inflationary consequences of energy costs rising over a year ago. Any current signs of increased spending are really the increases of inflation biting into the day to day cost of living for Joe six pack. These fluctuations are meaningless in the face of a tsunami sized trend down and the Fed is only adding fuel to the fire.