Fed is hinting that if oil price goes higher, they may trigger another round of asset purchase. In layman terms, they are going to print more money!! US bills is starting to look like Japanese Banana notes. Take a look at this article:
http://www.marketwatch.com/story/fed-flexibility-key-with-high-oil-lockhart-says-2011-03-07?siteid=rss&rss=1
Asset purchase is like telling lies.
It takes more lies (Asset purchase) to cover the first one (Fed mistake)!

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