Earlier this week, Lael Brainard said the Federal Reserve will run off its balance sheet at a considerably more rapid pace than it did last time around. SchiffGold Friday Gold Wrap host Mike Maharrey thinks Brainard and the rest of the Fed officials suffer from delusions of grandeur if they think they can really pull this off. In this episode, he explains exactly why balance sheet reduction is doomed to fail.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and Stitcher.
Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.
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SHOW NOTES
Annualized Interest on US Debt Increased $16.4B in 6 Months
Peter Schiff: The People at the Fed Aren’t Hawks; They’re Chickenhawks
Russia Is Quietly Making the Case for Owning Gold
SchiffGold on Twitter: @SchiffGold
SchiffGold on Instagram: SchiffGoldNews
The Friday Gold Wrap on Apple Podcasts
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
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