You are here
Fed caves on rates and balance-sheet tightening
Chairman Powell's grandfather Dick responds on behalf of monetary metals investors:
http://www.gata.org/files/DickPowellSings.wma
And:
https://www.youtube.com/watch?v=Gt6soO6O6Jg
* * *
Fed Adopts 'Patient' Rate Stance With Balance-Sheet Flexibility
By Craig Torres
Bloomberg News
Wednesday, January 30, 2019
The Federal Reserve said today it will be "patient" on any future interest-rate moves and signaled flexibility on the path for reducing its balance sheet, in a substantial pivot away from its bias just last month toward higher borrowing costs.
... Dispatch continues below ...
Storage and Withdrawal of Gold with Bullion Star in Singapore
Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.
Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.
Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.
For more information, please visit Bullion Star here:
The Federal Open Market Committee "will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support" a strong labor market and inflation near 2 percent, the central bank said in a statement Wednesday following a two-day meeting in Washington.
In a separate special statement, the Fed said it's "prepared to adjust any of the details for completing balance sheet normalization in light of economic and financial developments." The central bank also said it would be ready to alter the balance sheet's size and composition if the economy warrants a looser monetary policy than the federal funds could achieve on its own.
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2019-01-30/fed-adopts-patient-ra...
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
