Bloomberg/Daniella Martina Booth
“When ’60 Minutes’ reporter Scott Pelley asked Bernanke if the Fed was printing money, his reply was, ‘Well, effectively. And we need to do that, because our economy is very weak, and inflation is very low. When the economy begins to recover, that will be the time that we need to unwind those programs, raise interest rates, reduce the money supply, and make sure that we have a recovery that does not involve inflation.’”
USAGOLD note: A frank admission on the part of the Fed chairman we thought worth passing along for your consideration. Central bankers always believe they can control the inflation they create. Sometimes they can. Sometimes they can’t and that is why investors buy gold and silver.
Repost from 3-12-2019
