Energy Policy:

Economist Mason says Fed should raise interest rates to lower gasoline prices

Are gasoline prices solely influenced by international factors, or are there steps the United States government could take to lower prices at the pump? During today's OnPoint, economist Joseph Mason, Louisiana State University's endowed chair of banking and author of the new report "Monetary Policy, Gas Prices and the Impact on Small Businesses," explains why he believes the Federal Reserve should raise interest rates in order to lower gasoline prices. He also suggests energy infrastructure improvements that could affect prices.