This may be so:
US Federal Reserve chairman Ben Bernanke's need for lower interest rates to stimulate the US economy conflict with the Treasury's need for a strong dollar to deal with runaway oil prices. The Fed should recognize that its actions are misguided. The potential harm of a sustained weak dollar can make the credit crisis look like a minor storm.
... or it might not be so but one thing is for sure - the Morgan Fed is either incompetent or evil.
Take your pick.
US Federal Reserve chairman Ben Bernanke's need for lower interest rates to stimulate the US economy conflict with the Treasury's need for a strong dollar to deal with runaway oil prices. The Fed should recognize that its actions are misguided. The potential harm of a sustained weak dollar can make the credit crisis look like a minor storm.
... or it might not be so but one thing is for sure - the Morgan Fed is either incompetent or evil.
Take your pick.