Lyn Alden: Get Ready for the Federal Reserve's 'Gradual Print'

Economist and Bitcoin advocate Lyn Alden says the Federal Reserve is entering a "gradual" era of money printing that will stimulate asset prices mildly rather than the "big print" many in the Bitcoin community expected. In her Feb. 8 investment strategy newsletter, she wrote, "My base case is roughly in line with what the Fed expects: to grow its balance sheet approximately at the same proportional pace as total bank assets or nominal gross-domestic product (GDP)." She added, "Overall, it means I continue to want to own high-quality scarce assets, with a tendency to rebalance away from extremely euphoric areas and toward under-owned areas." Her comments followed President Donald Trump's nomination of Kevin Warsh to be the next Federal Reserve chairman, a move that provoked a furor among market traders who viewed Warsh as more hawkish on interest rates.

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lyn alden, federal reserve, money printing, balance sheet, bank assets, nominal gdp, scarce assets, rebalancing, bitcoin community, kevin warsh