Central Bankers Make Their Decision In This Thread. Trichet, RFT, Ben, All Here

Quote from Ivanovich:

Only problem with your thought process, Monsieur Trichet, is that raising rates doesn't do anything for oil prices (which are the cause of most of the topline inflation).
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Inflation is separate from basic Supply/Demand forces. Oil prices are a combination of both. I would even suspect that the Supply/Demand forces are a minor factor.
 
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