Sharp Disagreement Among Federal Reserve Members

Eyes on the Fed- NEW YORK (CNNMoney) -- Members of the Federal Reserve are in sharp disagreement about how to address rising prices. The central bank might need to tighten the reins on the economy before the end of the year to stave off inflation, said some members of the central bank's policy-setting body. But others appeared comfortable holding off on taking any action, according to the minutes of the Fed's March 15 meeting, released Tuesday. See link here... In todays discussion some key topics that were brought up include: how to develop economic recovery in the coming years, rising interest rates, and higher inflation. I found this article to be extremely relevant because it addresses all of these topics, and discusses what Fed's are currently talking about. "Once the $600 billion in Treasury purchases planned under QE2 are completed, the Fed will need to decide how and when to raise rates or start unwinding the trillions in purchases already made. But those issues remain in dispute among the Fed's ranks." What are your thoughts on the size of this purchase program? Do you see light in the near future? The video mentions one newly elected Fed member, is this the change that we need to start seeing? Any other comments...