Federal Reserve

The IMF claims to have just realized printing money encourages risk.

"Recently the Fed released research stating that it encouraged moral hazard and risk taking with its QE programs. Never one to fall behind, now the International Monetary Fund is in on the trick.
After promoting QE for years (see here and here), the IMF is finally coming to realize what has been apparent for years now to almost everyone who doesn’t work for the Fed or the IMF : that low interest rates encourage risky decisions."

Something called the Financial Stability Board (FSB) said the same thing. The Bank of International Settlements (BIS) said the same thing. This is a pattern. That means they're preparing us for something.

Yellen claims QE will end in October.

"In a statement released following its two-day meeting, the U.S. central bank left largely intact key provisions, despite expectations in some quarters that it would indicate a tightening bias. It also cut its bond-buying program down to $15 billion a month and indicated quantitative easing will end in October. "

Maybe those other guys are laying down cover for Yellen. Of course when QE stops, that doesn't mean the Fed will stop printing money or let interest rates rise.

"The Fed's Open Market Committee did not remove language that said interest rates would rise "a considerable time" after the monthly bond-buying program ended. Market fears centered over whether excising the language could have sent a signal that a rate hike would come as soon as six months later. "

When rates rise, watch out.