Wednesday, February 27, 2008

Bernanke trapping himself?

There is a Spanish proverb that goes: "I don't want the cheese, I just want to get out of the trap". It feels like Bernanke may be singing that song somewhere down the line. In the meantime: "Federal Reserve Chairman Ben S. Bernanke signaled the U.S. central bank is prepared to lower interest rates again even as inflation accelerates." - Bloomberg.com