Ed Quoted in Forbes and Kitco News
“FOMC Meeting Minutes May Renew Ideas Of No Taper At October Meeting”
By Debbie Carlson
Quote:
“Even though there will likely be legislation to provide back pay for furloughed federal employees, this may have a magnified impact on the fragile recovery. The Fed may decide to postpone the QE tapering even longer until it has enough data showing that the slow recovery wasn’t irreparably damaged. This will help gold in the short run. So the longer the shutdown, the larger the potential consequences.”
Read the full article at Forbes.
Tags: Economics
Categorised in: News