The Moderating Of Inflation

Ben Bernanke thinks that price pressures are easing up because of the strengthening of the dollar, the recent drop in oil prices and the weak overall economy. Let us hope that he is right; a stagflationary situation is scary beyond measure to think about. I suppose that it is too much to ask that we get another rate cut, given that inflationary pressures still exist and still are a cause of concern. But dare we hope that we can keep interest rates relatively stable so that we can perhaps spur some more growth?