Expansionary monetary policy has been the order of the day under multiple rounds of quantitative easing, but last week, the Federal Reserve gave its strongest indication yet that those days may be over. For some time, the Fed has pumped $85 billion per month into the economy as a part of its expansionary monetary policy aimed at stimulus. Signs that the labor market is stabilizing may change this approach by the middle of next year.
In the following video below, Fool.com contributor Doug Ehrman discusses the impact that expansionary monetary policy has had on miners such as Barrick Gold (NYSE:ABX) and Goldcorp (NYSE:GG), and he looks at what the end of this era could mean for those companies.
Fool contributor Doug Ehrman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.