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Originally Posted by Marc D  Thanks for the info above about currencies, I had to read it a few times before it sunk in. The dollar looks like it bounced off its low. Today's action was odd. I read that unemployment ticked up again. The fed may not be concerned about inflation now but once spending picks up again and the consumer floods an already flooded market with dollars they're gonna have to act quick. |
Yes, the Fed will aggressively fight inflation at some point in a recovery. I hope they are correct in their timing. Acting too early would cripple the recovery. Acting to late would result in runaway inflation and all the problems inherent in rampant inflation.