Jul 07
With the second half of the year just beginning, economists are
questioning if the worst of the U.S. downturn is already over, or whether
uncertainty about rising prices spells more gloom and doom for the
economy.
While there is pressure for the Fed to combat inflation, the central
bank remains constrained not only by broad-based, anemic growth, but by
the fact that soaring energy prices are caused by increased global demand
rather than by U.S. consumers…