With inflation worries running high, don't look for more rate cuts from the Federal Reserve.
The economy won’t see relief from inflation anytime soon. During a satellite conference Bernanke said rate reductions that began last September, combined with the economic stimulus package, and should bring “somewhat better economic conditions,” in the second half of this year.
He also said high oil prices present a double threat to the economy, putting a damper on already weak growth and raising inflation risk.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.