The Gold Report: Federal Reserve Chairman Ben Bernanke indicated last month that the Fed would begin to taper quantitative easing in September. The equity markets responded quite negatively to this. In the wake of this response, do you think the Fed is committed to this new policy?
Eric Coffin: I think the Fed is committed to tapering, but I suspect it will happen a little more slowly than some people think. Bernanke’s quite cognizant that when he does taper it’s going to have an impact on the markets. But you can’t keep buying $85 billion worth of bonds a month forever. Bernanke has backed off a bit … [visit site to read more]
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