Barry should first get the idea that the Federal Reserve is also concerned about rising gasoline prices. The central bank is concerned they're getting in the skins of consumers and raising inflation expectations.: If it makes you feel better, economists have a name for the anxiety you feel when you pay for gas up: it is called a supply shock. And because oil markets are global oil supply is fairly fixed, the traditional internal interest rate short-term levers Federal Reserve manipulates do not have much impact on the price per gallon. So the former employee of the Fed ...