What does it mean when we have inflation and the economy is failing?
"The statement of the Federal Reserve Open Market Committee concerning inflation as enemy number one while leaving the discount rate unchanged speaks to Stagflation. As such, it is long term gold positive.
The US economy has rolled over and the Fed cannot pump rates without causing a major bust. They would put the final pin in the credit bubble blowing what is left of housing all to hell and launching the Federal Budget Deficit to the next galaxy."