I've said many times that the Federal reserve's main export is inflation to other nations, particularly Emerging Markets.
Yet when Bernanke was asked last week if the Fed felt it had a role in the revolutions and protests across the world, Bernanke answered as if he had never heard or thought of the idea before. It's been clear, it's been made clear by many markets-just watch China this month as it is highly likely the PBOC will raise rates in February.
Here's an article that expounds on the idea.
And the Fed maintains it is not a political entity, it's independent !
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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