Higher Oil Prices Can’t Do the Work of the Fed: Caroline Baum

Energy is a hot topic, as anyone who’s been even semi-conscious for the past year knows. Too bad it’s so widely misunderstood.

Take, for instance, the “expert” (on what, it’s not clear) on TV yesterday morning who said “you either get tightening from the Fed or (from) oil markets.”

If oil should fall $10 from its current $54.11 price, it would “increase the likelihood of more Fed rate hikes,” according to our expert.
Bloomberg