Is the Fed Unwinding? by Gary North

Is the Fed Unwinding? by Gary North

Officials at the Federal Reserve System insist that the FED will unwind its more than doubled monetary base. They do not say when. They do not say how. But they insist that they will do this when the economy recovers.

The FED has begun this process. The press has not paid any attention to this, but the evidence is unmistakable. Any time you want to monitor any of this, search Google for “Federal Reserve charts.” You can see for yourself.

First, there has been a decline of the adjusted monetary base. This began in early December. This is the major indicator of Federal Reserve policy.

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