A rise in the dollar in response to more easing in Europe could encourage the Fed to go slow on rate hikes.

Officials are finding it hard to decouple U.S. monetary policy from the rest of the world.

Officials are finding it hard to decouple U.S. monetary policy from the rest of the world.

Increased U.S. shale oil and gas production shifts global influence toward U.S., away from Russia.

As Europe worries about falling prices, analysts highlight differences between beneficial and detrimental deflation.

Bernanke took charge as the Fed awoke in 2008 to the need for a full-on war against "global economic and financial freefall."

Bernanke took charge as the Fed awoke in 2008 to the need for a full-on war against "global economic and financial freefall."

Treasury would cut other government spending to meet interest payments on debt.