LATEST NEWS : World waits for white smoke from U.S. Fed

The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom. continue reading at reuters.com

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Did what JUST happen to Gold & Silver prices affect you? Here's why it did, and why you don't even know it…

Have you seen what’s been happening to Gold & Silver? If you were holding 5,000 ounces (average Gold For Life client holding) you’d have made $10,570 in the last week alone… Not including the cash-flow for the month, which would be another $1,000 – $1,700 this month… But that’s not what’s most important… What is […]

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LATEST NEWS : Fed Chair: ‘Deficits Will Rise to Unsustainable Levels’

Federal Reserve Chairman Janet Yellen, referencing the Congressional Budget Office’slong-term budget projections, told the Joint Economic Committee of Congress today that under current policies the federal government’s deficits “will rise to unsustainable levels.” continue reading at cnsnews.com

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Yellen says Fed on track to keep trimming stimulus

(Reuters) – Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.” In her first public comments as Fed chief, Yellen said the central bank would need to keep its eye on […]

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PRECIOUS-Gold rises on growth fears, focus on Fed's Yellen testimony

LONDON, Feb 10 (Reuters) – Gold rose on Monday after a weak U.S. jobs report last week raised questions over economic recovery, which could potentially slow the pace of the Federal Reserve’s stimulus tapering. Attention this week will switch to the first testimony from the new head of the Federal Reserve, Janet Yellen, to U.S. […]

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Analysis: Only time will define Bernanke's crisis-era legacy at Fed

(Reuters) – Ben Bernanke did not hesitate when asked whether he was confident that his signature response to the Great Recession would work. “Well, the problem with QE is that it works in practice but it doesn’t work in theory,” the head of the U.S. Federal Reserve quipped earlier this month during his last public […]

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Analysis: Surfing central banks in a benign 'QE trap'

(Reuters) – The message is sinking in – economies of the rich world face super-easy money far into the future and central banks are now convinced it’s the least of all policy evils. Despite rumblings of dissent about the financial bubbles and iniquities associated with zero interest rates and money printing, 2013 is ending with a remarkable […]

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Senate drops the ball on Fed's Janet Yellen

From Nouriel Roubini: ten quick tweets on all those questions that ill-briefed senators were “too naive” to ask Janet Yellen, at her Fed hearings. All we got was muddle, posturing, and bluster, illuminating nothing much. The hearings were like many bad press conferences I have covered as a hack, mostly a spectacle of journalists trying […]

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Yellen to defend Fed's ultra-easy monetary policy

(Reuters) – Janet Yellen, President Barack Obama’s nominee to lead the U.S. Federal Reserve, will offer a stout defense on Thursday of the central bank’s aggressive monetary easing before a Senate panel that includes some tough Republican critics. At a Senate Banking Committee hearing on her nomination to be the first woman to run the nation’s central […]

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Rejoice: the Yellen Fed will print money forever to create jobs

“The Fed will be looser for longer. The FOMC will continue to print money until the US economy creates enough jobs to reignite wage pressures and inflation, regardless of asset bubbles, or collateral damage along the way. No Fed chief in history has been better qualified. She is a glaring contrast to Alan Greenspan, a […]

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