Posted on 07/06/08
In a world where money moves at a mouse click, Fed's in a tough battle
The battle against inflation has begun, and you better take heed because U.S. interest rates will likely start rising. Federal Reserve Board chairman Ben Bernanke's statement last week was clear and explicit, and it as much as said the Fed will fight inflation and protect the dollar - which means raising rates - as much as is needed. How much is that? More than you think.
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