It's almost as if the central bankers at the Federal Reserve are throwing darts at the wall to determine the trajectory of monetary policy.
It's almost as if the central bankers at the Fed eral Reserve are throwing darts at the wall to determine the trajectory of monetary policy. And I'm not convinced there is even a dartboard on the wall. And yet, people keep selling gold and silver based on what these people say! The Fed wrapped up its June FOMC meeting yesterday . Once again, it didn't do anything. Interest rates remain unchanged in a range between 5.25 and 5.5 percent.
And as Hay pointed out, “They control interest rates!” For instance, in March 2021, the FOMC projected the interest rate would still be zero in 2022. The actual 2022 rate was 1.75 percent. And in 2023, the vast majority of FOMC members thought the rate would still be at zero. The actual rate was over 5 percent. The FOMC would probably get much better results by flipping coins or gazing into crystal balls.
Interestrate Inflation Moneymanagement
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