logo
Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Fed still wants easy money and any rate increases will be trivial

By cpowell
Created 2015-04-21 14:32

By Steve Matthews and Jeanna Smialek
Bloomberg News
Tuesday, April 21, 2015

Janet Yellen wants you to know that while the era of zero rates may be drawing to a close, money will stay cheap for a long time to come.

The Federal Reserve chair and her colleagues have stressed in recent speeches that monetary policy will remain unusually easy after they begin to tighten this year for the first time in almost a decade. They are telling investors that the pace of increases is more important than the liftoff date.

"This should be the slowest tightening cycle since the funds rate became the policy instrument of choice" in 1982, said Roberto Perli, a former Fed official who is now a partner at Cornerstone Macro LLC in Washington.

Policy makers have ruled out an increase at the next meeting of the Federal Open Market Committee, April 28-29. New York Fed President William C. Dudley stressed on Monday that once they start to lift rates above zero, "we will simply be moving from an extremely accommodative monetary policy to one that is only slightly less so." ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2015-04-21/fed-plays-down-liftoff... [1]



ADVERTISEMENT

Silver Coins and Rounds with Employee Pricing and Free Shipping

Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion.Directory.

Simply go to MoneyMetals.com and type "GATA" in the radio box at the top of the page.

This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping.

So go to --

http://MoneyMetals.com [2]

-- and type "GATA" in the radio box at the top of the page.



Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell [3]

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html [4]

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts [5]

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal [6]

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [7]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [8]