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Yup, From NewsFeeders article the Fed felt that the U.S. economy has been performing well this year after a weak first quarter. Economists are forecasting the best nine-month stretch of growth since 2005-2006, with growth expected over 3%. Also Fed indicated no threat of Inflation and also said that the labor market is improving significantly, not only with 5.9% unemployment but also that under-utilization in labor resources (number of people out of job market) “is gradually diminishing.”
So much for "QE3 Destroying the Economy" by printing so much money that inflation skyrockets, economies collapse and Gold soars (see 2 year old articles below). All 3 assertions were 100% wrong. We should hear no more from those sources but read below anyway for entertainment.
As Predicted, Bernanke Launches QE3 to Help the Big Banks
Marc Faber: The Fed will destroy the world - MoneyWeek
