The Fed just wasted a rate cut yesterday. A “hold” would have been more positively accepted by the market, would have let more speculative air out of oil prices, and would be one less rate hike they need to do later.
But, the larger problem with the U.S. Central Bank is their dual mandate.
You can’t have [...]
The Fed: Waste Not, Want Not…
May 1st, 2008 · No Comments · Gold and Silver Stocks, The Fed & US Treasury Policy
Tags: Ben Bernanke·gold price top·M2 money supply·Murray Rothbard·The Fed