"It is time the fed really considered the rising oil prices in their equation of inflation. When you are pumping gas into your pickup at a rate of $4-$6 a gallon, it will be too late for the fed to react. People will have to make the choice not only between driving to their job and buying a new tv, but necessities like food and paying their rent."
-- Richard B, Florida
"The Fed needs to think about raising rates. Inflation is higher than government numbers and consumer debt is increasing too fast."
-- George S., Mississippi
"We are in the beginning stages of a stagflation environment with regards to the economy. Some people say inflation is not that bad (they are looking at the inflationary figures that exclude food and energy prices) but look at the gas pump and your bill at the grocery store -- items we all use and need to a great degree. To exclude these is like an ostrich sticking its head in the sand."
-- Michael M.
"The question is irrelevant because the Fed is irrelevant. The Fed has lost any of the credibility that it may have had in the past. The Feds influence on, and its’ ability to control the economy on longer exists. However, because the Fed and the other Central Banks (Europe, Japan, China, Etc.) have allowed their currency printing presses to run full out for so long, the excessive liquidity that now exists has transferred the power (to influence) from the Central Banks, to the hedge funds, and to the private bankers."
-- Dan W., Canada
"Inflation is understated. While the cost of housing is down, homeowners are not getting a break on property taxes. True inflation is about 5%. To get long term growth back on track we need to invest in the short term pain of the Fed tightening significantly."
-- Gordon S. TX
"The Fed is right in holding the interest rates steady. In fact it wouldn’t hurt to ease about a quarter of a point to help housing, but “steady as she goes” sends the right signal that we are on the right track and leave well enough alone."
"The Fed is too worried about inflation, but I think they're correct to hold interest rates where they are."
-- Gregg H., Ohio
"Inflation is grossly understated. Housing, food, transportation, health care, energy, and education. Which of these is really only increasing at 2%?"
-- Patrick F, California
"The Fed is not telling the whole truth when it comes down to inflation. Inflation is everywhere and by the time Memorial Day arrives we'll see $4.00 a gallon plus nationwide just in time for the traveling crowd to hit the road!"
-- W.D., Texas