“Metals Outlook: Gold Market Awaits Fed Meeting”
By Debbie Carlson
“While the Fed has signaled flexibility in the size of QE, they still are not even close to the unemployment and inflation numbers to trigger a reduction. However, several FOMC members are concerned that the level of QE is not sustainable.
“Bernanke is also frustrated with the President and Congress not getting our fiscal house in order because monetary policy can only take the economy so far, and is making QE reduction noises to signal to the President and Congress that they have to step up to the plate. Besides, fiscal policy should be the driver because it’s made by elected officials, whereas monetary policy is not.”
Read the full article at Forbes.
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