Wednesday, February 29, 2012

The Fed's Full Monetary Policy Report to Congress 2/29/12

*Bernanke fails to deliver QE3
*Promises more ZIRP
*Fed expects inflation to remain subdued

Translated into modern vernacular: Fed to continue back-door printing for now, as open QE3 would send gold to $2250 and silver above $50.

Click link below for The Fed's full Monetary Policy report just submitted to the House Financial Services Committee.