by Brian Maher
Daily Reckoning
The announcement came yesterday afternoon…
Interest rates stay glued to the floor. And the Federal Reserve will continue inflating its balance sheet until…
“substantial further progress has been made toward the Committee’s maximum employment and price stability goals.”
We expect the Committee will be very busy for very long.
Jim Rickards estimates pre-pandemic growth rates will not return until “well into 2023.” And pre-pandemic unemployment levels until 2025.