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U.S. growth slowing, inflation rising, Fed says

JEANNINE AVERSA

Associated Press

Latest comment posted at 12:28 AM EDT 24/07/08

New Federal Reserve report finds U.S. economy slowing while prices rise, triggering fears of stagflation ...Read the full article

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  1. CallofDuty . from Toronto, Canada writes: "For now, many economists predict the Fed will probably leave a key interest rate alone when it meets next on Aug. 5, given all the economic crosscurrents. Boosting rates to fend off inflation would hurt the fragile economy and the already crippled housing market."

    Are you kidding me? It's already in bad shape. Might as well increase rates it now.
  2. Alistair McLaughlin from Canada writes: The irresponsible Fed policy of 1% interest rates for the two years following 9/11 has lead to this current morass. Easy money never did anyone any favours. It is like heroin. It only feels good for awhile. Ultimately, you need more and more to feel the kick, and eventually you reach the overdose point. Either you cut back and put up with the nasty withdrawal symptoms, or you OD.

    The Fed seems to be on that precipice right now; still undecided as to whether they are going to go cold turkey and turn off the easy money taps, bringing on some really nasty withdrawal pangs (e.g., recession, unemployment, more bankruptcies of major financial firms, further crashing of the housing market) or OD on easy money and flush the US dollar right down the toilet. Hell of a position to be in. All of their own making.
  3. it's raining from Vancouver, Canada writes: As events in the US move from a financial recession to an economic one, what's transpired with the financial stocks to date will seem like a fond memory. The Fed is no longer in control of events, all they can do now is react to what unfolds.
  4. Jim **** from Canada writes: What would they do, what would they do?

    The expedient route is to keep the money flowing, with dollar devaluation and inflation. But the more difficult route favours the people with money. Can they risk a popular revolution by the masses?
  5. John Connor from Canada writes: More timely comments from none other than the chairman of industry and American commerce Captain Obvious, delivered by the famed Four Horsemen of Hindsight.

    What ever would we do with out his guidance?
  6. Dr Demento from Canada writes: I swear to God - Bernanke must have ESP . . .
  7. R Miller from Halifax, Canada writes: Does that title actually say, "US Growth slowing, inflation rising ? "

    And this is coming as news to Bernanke ?

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