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Is the “Powell Put” In?

by Michael Maharrey
Schiff Gold

The Federal Reserve released minutes from the December Federal Open Market Committee meeting on Wednesday and it looks like the “Powell Put” might be in.

The minutes revealed a much more dovish sounding Fed as we move into 2019. Members of the FOMC indicated they could be “patient” with future rate hikes and said the future path of the central bank’s monetary policy is “less clear.”

What is clear is that Powell and company seem to be getting cold feet when it comes to continuing on an aggressive tightening policy. The question is why?

According to Reuters, the minutes revealed that “a number of” policymakers said that before raising interest rates again, it was important for the central to take stock of risks that had become “more pronounced in recent months.” In fact, a few FOMC members were apparently arguing for a pause in rate increases.

Continue Reading at SchiffGold.com…

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