Image source: Pixabay
 

Federal Reserve Chairman Jerome Powell came out this week and indicated the central bank is set to pivot away from its aggressive rate hikes. But he couched the announcement in hawkish terms. The markets bought the pivot and ignored the hawkishness. In this episode of the Friday Gold Wrap podcast, I put Powell’s remarks in a broader context and speculate about what might be coming down the pike.

Topics Discussed

• Jerome Powell’s speech
•  The Fed’s “knowledge problem”
• Gold breaks $1,800
• The feckless inflation fight
• Something in the economy is going to break

Video Length: 00:21:23 

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