All Things Fed: Keith Fitz-Gerald on Janet Yellen and Today's FOMC Meeting

Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co." today to discuss this week's FOMC meeting and Janet Yellen.

On Monday, Larry Summers announced he is dropping out of the candidate list to replace Ben Bernanke and become the next Fed chief. Next in line for new Fed chief role is Janet Yellen.

Today (Tuesday) marks the beginning of this week's two-day FOMC meeting in which economic policy and market projections are being decided – and will leave unprepared investors confused

Watch as Fitz-Gerald talks about what's to come from today's FOMC meeting and the future of the QE taper. Plus, Fitz-Gerald tells investors how Janet Yellen as next Fed chief will affect your wallet:


Know the issues and expert commentary for all things Fed this week in Money Morning's FOMC Meeting Cheat Sheet here…

Join the conversation. Click here to jump to comments…

  1. H. Craig Bradley | September 18, 2013


    This whole idea of gambling at the FED's Casino to make "hay while the sun is shining" sounds idiotic and vary short sighted, at best. How many investors can hope to time the markets and get out before the FED really starts to phase-out QE's? If everyone heads for the exits all at once, you probably won't be able to get out of the market (sell) in time. Trading systems will bog down or fail outright when overwhelmed with high volume and be closed down for awhile. Investor panic will just be that much worse if trading in the stock market is halted for any reason. This is the stuff that crashes are made of.

    The way I see it, we are headed for trouble, sooner or later. I would bet within a couple of years and not much longer. What if my prediction is off a bit? I would still suggest people take defensive positions today for most of their assets and concentrate on preserving what they have rather than "reaching for yield" or trying to squeeze the last drop of profit out of this highly stimulated and artificially elevated stock market. GREED IS NOT GOOD.

  2. David Zeiler | September 18, 2013

    If you use trailing stops, you'll be protected from big losses. In the meantime, you can pocket the QE-fueled gains.

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