CNBC/Steve Liesman/6-7-2021
“Comments by Fed officials in the past several weeks suggest the issue of tapering looks likely to be discussed as soon as next week’s meeting, and the Fed may be on track to begin asset reductions later this year or early next year.”
USAGOLD note: We won’t hold our breath. The “taper tantrum of 2013” is mentioned but not fully blended into the analysis. For those who do not recall what happened in 2013, bond yields surged and the Fed backed down on its tapering plans. No one knows what might have happened if it hadn’t. Conditions now are not much different from conditions then, except the government’s needs are much larger and ready foreign buyers have become much more difficult to locate.
