The Fed Wants You to Feed the Debt Monster
The Fed Wants You to Feed the Debt Monster from Schiff Gold
The Fed wrapped up another FOMC meeting this week and came out even more dovish than expected. Rate hikes are off the table in 2019 and the central bank now only expects one hike in 2020. In his episode of the Friday Gold Wrap, host Mike Maharrey talks about the meeting and the dirty little secret Reuters let slip out. The goal here is to get you to spend more money and keep the bubble full of air. As Mike put it, “The Fed is trying to feed the debt monster and it wants you to pick up the tab.” He also covered the meeting’s impact on the markets and the latest in political theater.
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