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royg1927

03/06/08 11:32 AM

#115915 RE: rich ruscio #115914

Seidman on CNBC just now said "the Fed's number one job is to control inflation."

FWIW

Seems like I remember it being said on some of the congressional hearings (by whom?) that by law, the Fed's first responsibility was inflation.

Don't hold me to that.
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See Shasta

03/06/08 11:34 AM

#115916 RE: rich ruscio #115914

rr, I'm not a big fan of wiki for important details like what we are discussing. I find them better for general stuff.

Yeah, you're right I wish it was that simple. What a mess we're in.