Tag Archives: Federal Reserve

For all my new followers, and as a reminder to my long-time followers, I will only issue a formal ALERT when some piece of news or constellation of facts causes me to spring into action.  I issue ALERTS very sparingly, usually only once or twice in a given year. I feel like I am going to be issuing more and more of them over the next few years, though.  I hope they don’t become weekly events.

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In this week’s Off The Cuff I sit down with Axel Merk to discuss:

• The implications of yesterday’s announcements by the Federal Reserve
• How much does the Fed truly care about inflation?
• Is the Fed willing to sacrifice the purchasing power of the USD in pursuit of its dual mandate?
• Why resilience remains the right strategy, in both your finances and overall lifestyle

Expert Federal Reserve-watcher Axel Merk joins the program this week to react in real-time to yesterday’s latest announcements by the FOMC and Fed Chair Jerome Powell.

He and I discuss the Fed’s apparent lack of concern about both raising bond yields and building inflation concerns.

As far as Fed Chair Jerome Powell claims, the current easing mode of easy monetary policy is going to continue for a lot longer.

And for those concerned that the repercussions of those policies are having increasingly disastrous effect on the vast majority of the American public, Axel warns that it’s folly to believe the Fed is working in their interests…

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In this week’s Off The Cuff I sit down with Wolf Richter to discuss:

• The future implications of rising Treasury yields
• How long can the full-blown mania in the markets last?
• Why Wolf thinks the Fed’s hand will be forced to tighten by rising inflation
• San Francisco homelessness/crime boom a sign of things to come nationwide?

Treasury yields have been rising, with the 10-year just hitting its highest level in nearly a year. What does this signify?

Wolf Richter watches the bond market closely and thinks this is an early tell that the Fed may end up disappointing the markets eventually.

Like many of our recent guest experts, Wolf sees higher inflation ahead. And at some point, he sees the Fed — despite its recent stated willingness to let inflation “run hot” for a while — being forced to try to contain it.

Before it gets to the “unthinkable” stage of raising interest rates, it will use the other arrows in its quiver like slowing/stopping QE and eventually selling assets off of its balance sheet. So by allowing the long end of the Treasury curve to rise now, the Fed may be taking its first baby step towards ending its longstanding easing efforts.

Of course, if true, the ramifications of this are tremendous, as Wolf explains here:

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