Why is the federal reserve not boosting interest rates? A low dollar value = high oil prices?

Now that the dollar is getting stronger, the price of oil is starting to fall. Why is the Federal Reserve keeping interest rates low? We need a stronger dollar vs. world currency to reduce the impact of the cost of oil on our gasoline prices.





Also why is Nancy Pelosi refusing to allow us to drill for oil in the outer continental shelf? Is she too tied to the environmental movement to see the obvious that we need to use our own supplies vs. buying oil from countries hostile to the USA?





http://news.yahoo.com/s/ap/20080815/ap_o鈥?/a>Why is the federal reserve not boosting interest rates? A low dollar value = high oil prices?
USA = debt/spending. If the fed hiked rates, things will be screwed further.Why is the federal reserve not boosting interest rates? A low dollar value = high oil prices?
If you have a degree in economics, you may wish to consider asking for a refund on tuition. There is nothing sacred about a stronger dollar. Some businesses actually benefit from a lower dollar.


If the gasoline prices are too high for you, don't buy gasoline.





Nancy Pelosi is the queen ditz. There is nothing else to say about her.
Because the economy is still sluggish. If they raise rates, the already weak stock market will decline even further.