Fed's Bullard: Emergency lending not inflationary

http://www.reuters.com/article/ousiv/idUSTRE49G79E20081017

Emergency lending not inflationary?
Frankly, that's very different from convention wisdom.

Inflation is down right now, with oil somewhere around USD70, but i dun see oil remaining that low.

Oil is political driven, primary by the middle east. And they wont like a low price of oil. Afterall, they made the world got used to USD100 oil.

Hee Teck