Will the Fed Push Inflation to Help the Spenders?

While driving to work yesterday, I heard an interesting interview on the Fox Business Network.  The discussion was focused on what the Fed would be doing in the coming months to address the multitude of economic problems that relate to monetary policies over which the Federal Reserve has some control. 

Everyone in the discussion agreed that the Fed was between a rock and hard place in trying to concurrently deal with rising deficits, continued contraction of economic activity, and inflationary pressures.  Read more