En garde, Fellow Reckoner! Weâ€™re under attack!
Jean-Claude Trichet, head of the European Central Bank, has sounded the alarm.
â€œAll central banks, in periods like this where you have inflationary threats that are coming from commodities, have to…be very careful that there are no second-round effectsâ€� on domestic prices, Mr. Trichet told The Wall Street Journal from his office overlooking Frankfurtâ€™s financial district.[Read more...]