Maybe even tougher than lowering the interest rates, creating money out of thin air, destroying the Dollar and stop publishing the monthly report on M3 because of skyrocketing Inflation! – The Infinite Unknown
Top Federal Reserve officials on Tuesday hammered home the U.S. central bank’s determination not to allow inflation to get out of control, cementing views that interest rates will rise later this year.
The remarks by two regional Fed presidents followed hard-line comments on Monday from Fed Chairman Ben Bernanke that the U.S. central bank would “strongly resist” any deterioration in inflation expectations. Analysts and markets viewed the comments as a sign the Fed — like other central banks — was turning its sights on inflation.
(It’s sometimes very enlightening to have a closer look at ones own creations. – The Infinite Unknown)
Dallas Federal Reserve Bank President Richard Fisher, who solidified a reputation as one of the most hawkish members on the Fed’s interest rate-setting Federal Open Market Committee with three dissents against steep rate cuts, echoed Bernanke.
“We want to make sure the message is clear … that we will not countenance building inflationary expectations,” he told the Council on Foreign Relations in New York.