US: when will credit crisis & high inflation be resolved?

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On July 15, the Federal Reserve Chairman Ben Bernanke said officials expect the economy to improve "gradually" over the next two years, thanks to a "slow" housing recovery and gradual improvement in credit conditions. But he warned that "considerable uncertainty" surrounded that outlook. He said the U.S. economy faces "numerous difficulties," suggesting those risks remain his top priority. He noted an "unusually uncertain" inflation outlook, and said the Fed is watching for signs that higher commodity prices are becoming embedded in wages and expectations.

It seems the US Fed didn't have a clear way to fix the situation. They are very uncertain how to adjust the interest rate and inflation. Will the downfall continue till 2009? or even till 2010?

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STEP 1:  My Prediction

	ZiiValue (chance)	MyValue (0% to 100% chance)	()	Possible Outcomes
	6%			Resolved by 2009
	36%			Resolved by Q2 2009
	58%			Resolved by 2010 or later

STEP 2:  Comment

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