The Federal Reserve's continuation of a highly accommodative monetary policy, even as it tapers its quantitative easing, spells trouble for the economy and financial markets, says James Grant, editor of Grant's Interest Rate Observer.
While the Fed is likely to announce another reduction in its bond purchases Wednesday, many economists expect the central bank to keep short-term interest rates near zero until at least mid-2015. And Fed officials indicate they won't trim the central bank's $4.3 trillion balance sheet quickly.
The Federal is "pouring fire [on the] glowing embers of inflation," Grant told CNBC.
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3 comments:
Joe people say you are a millionaire. If this is true you better get that money out of the banks and do something with it before its only good for toilet paper.
9:50, Now I want you to THINK for a moment. Who is delivering all of this information daily, ME. Who do you think is always one step ahead, ME! I take all this time seven days a week to WARN you.
This Administration has no understanding of the economics necessary to maintain a Governments stability.. and by the way, people need to understand (specially you Libratards who pray at the alter of King Barry), this Administration wants the economy to self destruct.
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