The Air Force would make do with 16 active and 12 reserve tactical fighter wings versus a Cold War structure of 24 active and 12 reserve fighter wings.
However, the Federal Reserve poured a bucket of cold water on gold after its minutes were released, with some members documenting their wish to stop quantitative easing (QE) before the end of 2013.
In deciding to raise short-term interest rates by half a point, to 6.5%, on May 16th, Alan Greenspan, the chairman of the Federal Reserve, has clearly decided to pour cold water on America's red-hot economy.