What follows seems locked 3 years in the distant past, and though Ms.Yellen has replaced Mr. Bernanke so long ago that I almost forgot he ever existed, the money facts and the federal reserve chief’s cautious patter that I noted in July 2013 have hardly changed.
A bit of history:
September 26, 2013
One day last week as Mr. Barnanke, chairman of the U.S. Federal Reserve, announced that the tapering of government bond buying would not begin until employment improved precisely what he’s been saying about increasing interest rates for as long as I can remember. The effects of his recent September words seemed about the same as his similar words last July: people bought gold and bonds, and interest rates declined.
July 12, 2013
Yesterday when I got home I was surprised to see the price of gold up more than 32 dollars. Because of its price having been…
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