Two Major Central Bank Insiders Just Gave a Clear Signal What’s to Come
Are you ready for inflation?
On Friday, both the Bank of England AND the US Federal Reserve made clear signals that they WANT inflation.
The Bank of England is prepared to tolerate higher inflation over the next few years and will keep interest rates low to support economic growth, according to Governor Mark Carney.
Source: Telegraph
In a further indication that the Federal Reserve will be inclined to let inflation run hot for a while, Chair Janet Yellen on Friday said it’s useful to consider the benefits of a “high-pressure economy.”
Source: CNBC
These two announcements hit the same day at roughly the same time. This was a coordinated verbal intervention by two major Central Bank heads.
Folks, this is as close as you can possibly get to a Central Banker literally telling you what to buy. Central Banks want inflation and have even signaled that they’re willing to let it run ABOVE their targets.
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