Fed’s Powell explains why a return to the gold standard would be so damaging to the economy

PIMCO: "Currency Cold War" May See Gold Soar Higher

] “If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate, and we wouldn’t care,” Powell says. Though Powell distanced himself from the Fed nomination process, his comments put him at odds with the writings of Judy Shelton, a current nominee to the … Read more

The Fed’s Inflation Gamble Continues

The Fed's Inflation Gamble Continues

] The fed’s inflation gamble continues… Are central banks trapped? Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price. Fed on Economic Recovery The Summary of Economic Projections (known as the dot-plots) released with the statement showed that committee members … Read more