Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Fed has become World Central Bank by Martin Armstrong

Fed has become World Central Bank

by Martin Armstrong

The U.S. Federal Reserve left interest rates unchanged yet strongly indicated that it could still tighten monetary policy by the end of this year as the labor market improved further. Wages are actually rising because the work force is aging actually reducing the availability of workers in many skilled areas other than doctors, lawyers, and politicians.

Janet Yellen stated bluntly that U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling higher inflation. But this does not take into account fiscal policy, which the Fed cannot control.

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