How the Fed's decision on interest rates could affect inflation and the economy

What impact could this have on overall inflation and economic growth in this country with our current outlook. >> I thought the Fed had the hardest job in finance late last year. >> Yeah.>> And it's even worse now because if you have oil prices surging higher, and they are surging, and you have a job market that is showing signs of real weakness, which it did in February, you want to cut interest rates to help the job market. But if you cut interest rates, you risk fueling inflation. And remember, it wasn't ...