Keith Springer, president of Springer Financial Advisors was quoted in an interview 
with Reuter’s reporter Al Yoon. The article, “Instant View: Fed notes pickup in inflation,” was featured in Yahoo! News.
Mr. Springer discusses the impact of the Federal Reserve announcement that it is in no hurry to withdrawal its current quantitative easing program.
“It’s increased stimulus without a name. It’s the Bernanke tightrope walk. He knows that we can’t withdraw stimulus but it can’t come across as too much stimulus because that would be inflationary and too negative for the markets.
“The Fed will use the proceeds of these bonds to continue buying new bonds. It’s still in the billions … the fact that the stock market didn’t sell off is important. This market is so reliant on continued stimulus. The more you give it the higher its going to go.”
“Bernanke kept the extended period language and that tells you the Fed sees continued weakness … the big concern among people was inflation. The Fed obviously doesn’t see inflation. It sees more of a threat of deflation.”
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