The Federal Reserve said Wednesday the coronavirus pandemic already has caused “tremendous” health and economic hardship, and warned the damage to the US economy will continue along with high unemployment.
MARKET PARTICIPANTS have a burning question for the Federal Reserve: How high will policy makers hike interest rates before pausing for a breather?
Gold Silver Reports – Gold futures climbed above $1,300 an ounce for the first time in 6 weeks as the dollar wavered and investors braced for an onslaught of economic data and political news.
Gold Silver Reports – Federal Reserve Chair Janet Yellen said she will step down from its Board of Governors once her successor is sworn into the office, widening the scope for President Donald Trump to shape the U.S. central bank’s leadership for years to come.
Gold Silver Reports – Fed’s Williams Lays Out Case for Considering Price Level Target – In a world where the underlying growth potential of the economy is hard to pin down, targeting a price level — rather than a precise, 2 percent inflation goal — could be effective, Federal Reserve Bank of San Francisco President John Williams argues in new research.