RJ and Makay

Oil prices are skyrocketing, stocks are plummeting, and Japan is enduring one of the worst nuclear disasters since Chernobyl. But the U.S. Federal Reserve remains steadfast.

Indeed, later today the Fed is expected to maintain its ultra-loose monetary policy even though there's rising concern about the effect of oil prices and Japan's tragedy on the still-fragile economy. And economists are generally on board. It's best for the Fed to do nothing until we fully understand the impact of these latest events, economists assert.