Future plans to kickstart the economy could involve flirting with low and even negative interest rates, which could result in negative consequences. See why gold is a hedge against these consequences in this week's News to Know.
The recent Federal Reserve meeting has kept most Americans in the dark about their discussions. However, certain clues have hinted towards a major shift in interest rate policy that could affect everyone.
Fed Chair Janet Yellen sounded positively upbeat and hopeful as she testified and answered questions last Friday before the Senate Banking Committee. She was encouraged about manufacturing numbers, about unemployment figures and the strengthening of the U.S. economy. She seemed confident that October was still the right time to end Quantitative Easing. She also indicated that interest rates would eventually rise. Here's the question: Should we buy it?