[america-rules]

A few years ago the WSJ and many others were praising the FED for the lower dollar policy because it lowered the trade gap and brought jobs back to the USA but now they want it both ways.

The FED can't turn the ship on a dime and it takes a long slow change and the only real way to fix the dollar problem is to raise interest rates which will put us in to a depression right now !

But then they will blame the FED for raising rates ?

[america-rules]

A few years ago the WSJ and many others were praising the FED for the lower dollar policy because it lowered the trade gap and brought jobs back to the USA but now they want it both ways.

The FED can't turn the ship on a dime and it takes a long slow change and the only real way to fix the dollar problem is to raise interest rates which will put us in to a depression right now !

But then they will blame the FED for raising rates ?

Clinton left President Bush many time bombs and this is one of them !

[gogeo]

Price stability where? Not in the U.S., where every economic report shows rising price pressure. Yesterday the feds reported that labor compensation rose at a healthy 4.9% for the first quarter, but only 0.6% after inflation. The Fed-inspired commodity boom has sent food and energy prices soaring, while wage gains invariably lag...

The WSJ, it's said, has the best editorial dept. anywhere. This could be true. Regardless, when they boof it, they really boof it.

The Fed cannot realistically control food and energy price increases driven by Third-world modernization. Period. Fed policy can affect domestic demand, but food and oil price increases are fueled by international demand, specifically India and China.

It follows, then, that they can't be responsible for what the WSJ calls the "Fed-inspired commodity boom..." and that policies which ignore this fact will at best not address the problem.

In the real world, ill advised policies usually make things worse.

[Vet_6780]

You can't expect to export dollars and create rampant inflation for our trading partners without eventual backlash.

The buck stops here foreigners no longer want them.