Why the Fed Didn't Raise Interest Rates

Inflation is running above the levels that Bernanke has targeted, but he's holding off on hiking rates because of the risks

Imagine you're driving a car with a blacked-out windshield and a loose steering wheel. Now imagine that your car is the $13 trillion U.S. economy. That should give you some idea of what it feels like to be Federal Reserve Chairman Ben S. Bernanke. Yes, in a word: scary.

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