Once again, Yellen’s flying monkeys at the Fed are jawboning about mythical pending rate hikes to prop up the dollar (and suppress PM prices). As always, ignore what these counterfeiters and racketeers say – only pay attention to what they do, or don’t do.
Federal Reserve officials were concerned at their meeting last month that consumers were starting to anticipate higher inflation, and they signaled that much higher interest rates could be needed to restrain it.
The policymakers also acknowledged, in minutes from their June 14-15 meeting released Wednesday, that their rate hikes could weaken the economy. But they suggested that such steps were necessary to slow price increases back to the Fed’s 2 percent annual target.