Wednesday, March 27, 2013

Weak Dollar policy?

Minneapolis Fed president Kocherlakota made a speech today. Among notable statements was "monetary policy is currently not accommodative enough".

He advocates a more active Federal Reserve in monetary policy. To me this means a "weak dollar policy".

If this idea gains traction it would mean the weak dollar as an economic tool coming out of the closet.
Silver got some traction shortly after this new was released....
The news here at Bloomberg.


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