9:21p ET Tuesday, June 4, 2019
Dear Friend of GATA and Gold:
The Federal Reserve, the TF Metals Report's Craig Hemke writes today at Sprott Money, is trapped and cannot raise interest rates and "normalize" its balance sheet without worsening the turmoil already underway in financial markets. Fed policy, Hemke writes, will soon revert to interest rates cuts and "quantitative easing," monetary devaluation that should be good for the monetary metals.
Hemke's analysis is headlined "Fed Policy Reversal Now Imminent" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/fed-policy-reversal-now-imminent-craig-... [1]
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [2]
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