The Fed Will Break the Economy

The Fed Will Break the Economy
The Federal Reserve Board Building on Constitution Avenue in Washington on March 27, 2019. Brendan McDermid/Reuters
Steven Van Metre
Updated:
Commentary

Last week, the Fed was handed an unexpected gift as first-time jobless claims fell to the lowest level since 1969, which gives the Federal Reserve the green light to continue tapering its $120 billion monthly purchases of U.S. Treasury and mortgage-backed securities. Given the Fed’s dual mandate of maximum employment and stable prices, low unemployment claims along with a low unemployment rate allow the Fed to focus on combating inflation.

Steven Van Metre
Steven Van Metre
Author
Steven Van Metre, CFP, designs and manages unique investing strategies. He has a YouTube show where fans across the globe tune in to hear his thoughts on the global economy, monetary policy, and the markets.
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