Balancing Inflation and Growth – Part 3 of 13

Indeed, as I speak, central bankers here and across both the pond and the channel feel besieged by a seemingly insurmountable foe delivering retribution for our having been complacent, if not smug, during those happier days. Like Henry’s troops at Agincourt, it may appear that we face overwhelming odds. Yet I am not overwhelmed.

Why not, you ask G7 Forex Trading System? Allow me to invoke another of your English ancestors in reply. Winston Churchill once asked: “Why is it that the ship beats the waves, when they are so many and the ship is one? The reason is that the ship has a purpose.” Tonight, I wish to give my view of the purpose of the Federal Reserve.

Needless to say—but I will say so anyway—the views Sure Fire Trading I express this evening will be my own and not those of any other member of the Federal Open Market Committee or any official of the Federal Reserve System. This is but one man’s soliloquy.

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