Gold Silver Reports (GSR ) – That has drawn the ire of major critic Dr. Ron Paul, former Texas congressman and advocate of smaller government, free trade and freer markets.
The Federal Reserve will meet this week to talk monetary policy.
Fed Chair Jerome Powell and other members of the Federal Open Market Committee will convene on Tuesday for their two-day meeting. Markets are not pricing in a change in interest rates.
The central bank and their opaque outlook this year, he told CNBC’s “Futures Now” on Thursday, are a major concern to the market.
“I think it’s always a threat because just their meeting and saying a few words one way or the other has a big effect,” Paul said. “They’re in a hot spot. They don’t know what to do.”spot. They don’t know what to do.”
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A once-hawkish Fed has taken a turn for the dovish in recent months, faced with pressure from President Donald Trump to ease off interest rate hikes and a market worrying about a potential recession as soon as this year.
The Fed is already toying with the idea of holding a larger balance sheet than previously thought, according to The Wall Street Journal on Friday.
The central bank has been reducing its $4.5 trillion balance sheet since October 2017. On Thursday, Paul predicted the Fed might halt shrinking the balance sheet to counter a downturn this year.
