I think there's a bit more urgency in his tone than we might have seen a month ago.

Since then we have seen a gradual increase until prices are now equal to a month ago.

Since then we have seen a gradual increase until prices are now equal to a month ago. We expect prices to continue higher during the spring, but the rate of increase depends on the amount of speculation that occurs.

I think there's a sense of urgency about getting this done and getting it done by next Tuesday when the president would have to start vetoing bills if it's not done,

I think there's a sense of urgency about getting this done and getting it done by next Tuesday when the president would have to start vetoing bills if it's not done.

The Fed is likely to make no change in its rate policy because it still see risks in the economic outlook, but I suspect it will remove its bias towards easing. Now that recovery is underway, the Fed will probably tell us the risks are a little more evenly split between weakness and inflation.