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To: ~digs who wrote (2616)12/5/2006 2:03:41 AM
From: ~digs  Respond to of 7944
 
US must decide between growth or curbing inflation
Message 23071164
The economy is weak, policymakers seem paralysed and speculators look ready to stampede for the exit. Doing nothing is sometimes the least bad option; it is hard to see that it will be this time. There is a risk that the Fed will get badly behind the curve, and that every bit of gloomy economic news triggers more selling of dollars. Bernanke needs to start preparing the markets for rate cuts or he could be facing a real panic.