The Biggest Central Bank In The World Is Now Scared To Death
KingWorldNews.com
March 21, 2015
On the heels of another wild trading week in world markets, today one of the top economists in the world sent King World News an incredibly powerful piece warning that the biggest central bank in the world is now scared to death. Below is the fantastic piece from Michael Pento.
By Michael Pento of Pento Portfolio Strategies
March 21 – (King World News) – The Fed removed the word “patient” from its statement made following the FOMC meeting that concluded on Wednesday. But, taking out that one word proved to be mostly irrelevant. The removal of the patient language was more than offset by the Fed’s lowering of its GDP growth estimates and its projection for when and how high it will raise rates based on its previously incorrect assessments of inflation and growth.
Ms. Yellen said in the FOMC press conference that removing “patient” did not mean she would become impatient with raising rates. It is clear that the dollar’s strength and the cascading economic data reported since the start of 2015 caused the Fed to push out its timing for its first rate hike and the overall level for which it will finally reach equilibrium….
The Rest…HERE
