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