The Fed knows darn well that higher oil prices increase the risks of a recession more than it does triggering massive inflation. If the price of oil suddenly crashed and consumer spending were to get better than the Fed might want to go to 4.25 percent but I think 4 percent is the magic number.  -   David Kelly     Quotes
The Fed knows darn well that higher oil prices increase the risks of a recession more than it does triggering massive inflation. If the price of oil suddenly crashed and consumer spending were to get better than the Fed might want to go to 4.25 percent but I think 4 percent is the magic number. David Kelly