Jul 16, 2014

Yellen: Highly Accommodative Monetary Policy Still Needed

I am listening a little bit to Janet Yellen`s prepared remarks. She is sounding rather upbeat on her outlook for the economy and inflation although she is still insisting that highly accommodative  monetary policy is needed.

If the economy is really recovering, why is that highly accommodative policy needed?

Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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