Having committed itself to ultralow interest rates and quantitative easing, the Fed is now caught in a double bind: Continue those policies and keep pumping money into speculative, inflation-hiking commodity bets — or end them and let rates rise, with the harmful economic impact.
Continue reading Trapped: The Fed Has Painted Itself Into a Corner
Trapped: The Fed Has Painted Itself Into a Corner originally appeared on DailyFinance on Wed, 23 Feb 2011 12:30:00.