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The Federal Book made no explicit reference of tapering anytime soon at this week's FOMC conference, but financial firm can begin in stages as early as 2022, stated Danielle DiMartino Booth, Chief Executive Officer of Quill Knowledge.
Booth told David Lin, support of Kitco Information, that rates of interest would certainly not need to increase to their historic standard of 5.7% for debt settlements to come to be expensive for the Treasury.
Comply With David Lin on Twitter: @davidlin_TV ()
Comply With Danielle DiMartino Booth on Twitter: @DiMartinoBooth ()
0:00 – FOMC conference
5:09 – Present economic condition
8:22 – Double-dip recession?
11:30 – Tapering timeline
14:37 – Just how high can rates of interest get?
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Once interest rates reach this level, it’s game over – Danielle DiMartino Booth on Fed's intent
The Federal Reserve made no explicit mention of tapering anytime soon at this week's FOMC meeting, but monetary tightening could begin in stages as early as 2022, said Danielle DiMartino Booth, CEO of Quill Intelligence.
Booth told David Lin, anchor of Kitco News, that interest rates would not have to rise to their historic average of 5.7% for debt payments to become unaffordable for the Treasury.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Danielle DiMartino Booth on Twitter: @DiMartinoBooth (https://twitter.com/DiMartinoBooth)
0:00 - FOMC meeting
5:09 - Current economic condition
8:22 - Double-dip recession?
11:30 - Tapering timeline
14:37 - How high can interest rates get?
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
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Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
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