Source Pravda.Ru

USA to stop printing dollars

 

The program for the quantitative easing is expected to be cut in the U.S. The move will imply the cessation of the dollar emission - the "printing press" of the United States is going to be stopped.

The minutes of the October meeting of the Federal Open Market Committee (FOMC) said that the data will meet the forecast of the committee, which stipulates further efforts to improve conditions on the labor market. This will become the basis for reducing the rate of the asset purchase in the coming months.

Experts were guided by the growing level of employment and high unemployment at the same time. The level of consumer price inflation remains moderate. The future inflation is to trigger a rise in prices. Yet, if the U.S. economy grows more actively after the quantitative easing is wrapped up, then it may not happen.

It is expected that after the dollar emission is terminated, the level of investments in the U.S. economy will grow, and the dollar will rise against all world currencies. 

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