by David Brady
Sprott Money
We just got the minutes of the March FOMC meeting, and as always, the mainstream financial media focused on the positive headlines only, such as:
[…] This headline is a perfect example, because it clearly states that the Fed remains dovish but cleverly adds that this is in spite of an optimistic economic outlook. This way we get the continuation of easy monetary policy and an improving economy at the same time. What could be better?
However, having read the actual minutes in full, I have a very different take on what the Fed said. The following is just my opinion. Make up your own mind as to what the Fed is truly saying.