Following its early November meetings, the Fed said it would keep interest rates low despite signs of economic recovery.  Desmond Lachman anticipated the Fed's action in a piece on American.com, in which he discussed some the economy's troubling indicators. Allan Meltzer has been urging the Fed to pursue a tighter money policy.  "After two years of pumping money into the financial system to keep the economy afloat," he said, "Fed chairman Ben Bernanke will have to reverse the process or risk an opposite problem: inflation."  

In a recent Economic Outlook John Makin reminded readers that "the global economy is at a dangerous stage of its recovery" from the financial crisis and that the Fed should not try to stop the slide of the dollar. Doing so, he said,  "would be an abrupt removal of still-necessary stimulus."