I think that Bernanke and the rest of the Fed's policy makers need to be as concerned with keeping inflation in check as preventing a recession or minimizing the length and severity of a recession if were already in one.

Rate cuts may finally help get the economy back on track encouraging banks to lend again,they also have an effect on the dollar,causing spikes in oil prices and other commodities.

One market startegist said the Fed seemed to be sending a statement to investors.They wont let the dollar continue to fall and  they will try to put an end to the rise in commodity prices.My opinion on that is many people believe this has fueled by the hedge funds and other speculative investors.

The Fed's made a statement that more attention has been paid to inflation since past releases.I believe that the Fed would be making a mistake if they didn't ackowledge inflation since it is caused by the rate cuts.I think the days may be numbered for speculators.

It seems as though more members of the central bank's policy-making committee are expressing more concerns about inflation.There seems to be dissagreement at the Fed about what to do next.Two Fed members voted against the rate cut yesterday, normally they vote unanimous.

A source told me that one fund manager suggest that this may be the Fed's way of telling the market the rate cuts may be over.Those votes could be the signal that the Fed is done unless something eles happens in the financial sector.

The last time that two members of the Fed diagreed with the majority opinion was September 2002.There is no other way to put it other than the Fed is running out of room to keep aggressively lowering rates.After yeaterdays rate cut ,the Federal funds rate now stands at 2.25%

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