Explain why the rise in oil prices in 2008 created a particularly difficult situation for Federal Reserve policymakers. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. 2 Higher oil prices put upward pressure on inflation. The Fed could not simultaneously combat inflation without damaging economic growth. ? The financial crisis increased economic uncertainty