In her prepared testimony she did stress her commitment to continue to follow through with the taper timetable that was established by Ben Bernanke. Of course, she did qualify that by repeating that it is data dependent, meaning that if the data changes, the Federal Reserve will change as well. I think the Federal Reserve knows the data is going to change, they are just waiting for the excuse to do what they are intending anyway which is to call off the taper and ultimately reverse it by increasing the amount of monthly QE, not diminishing it.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
- ► 2017 (188)
- ► 2016 (252)
- ► 2015 (344)
- Personal Finance: Keep Little Cash
- What Would Be A Bearish Case For Gold
- China: Largest Producer Of Gold
- Gold Is Going A Lot Higher Than 1900 Dollars An Ou...
- Market Outlook: U.S. Economy, Federal Reserve & Go...
- U.S. Economy: Outlook For 2014
- The Real Unemployment Picture
- Bad Economic Data Coming To The Surface
- Interest Rates Will Skyrocket After The U.S. Dolla...
- We Have The Biggest Bubble Ever
- Gold Short-Sellers Are Getting Nervous
- Yellen: Waiting For An Excuse To Call Off The Tape...
- Gold: Most Selling Is Coming From The Short-Seller...
- Gold Is Leading The Way But Wall Street Is Still S...
- Wall Street Is Fixated On This Story
- Video: Market Update (U.S. Economy, Janet Yellen a...
- Video: Taper Will Not Be Continued As "Planned"
- Rally In Bonds: False Safe Haven Bid
- Video: Stock Market, Treasury Bonds & Gold Outlook...
- When The Market Realizes There is No Exit Strategy...
- The Trend In The Market Is Down
- Gold: Good Things To Come For The Balance Of 2014
- Video: Gold Market Outlook
- The Markets Will Be In A Downtrend Until The Fed G...
- Video: Why The Markets Are Going Down
- U.S. Economy: The Recovery is Just An Illusion
- The Markets Are Going To Continue To Decline
- Video: Investing, Real Returns
- ▼ February (28)