Have interest rates stabilized or are rates going Up?
But wait a minute, today, the New York Fed President, Timothy Geithner, and the Dallas Fed President both said higher interest rates might be needed to dampen global inflation. Less then a week later then the Chairman's suggestion that the policy is "well positioned to promote moderate growth and price stability over time".
As we all are aware, these are challenging times, oil and gasoline prices are going through the roof, the housing "depression" is still going on, why make things harder for everyone by making conflicting statements about the direction of interest rates in such a short period of time.
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