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.
Gold Silver Reports – US President Donald Trump on Thursday tapped Fed governor Jerome Powell to become head of the US central bank, promoting a soft-spoken centrist to replace Janet Yellen when her term expires in February 2018.
Gold Silver Reports — Gold Kiss One-Week High After Central Bankers’ Reports – Gold rose to its highest in more than a week on Monday as the dollar weakened and the euro powered ahead after the head of the European Central Bank refrained from talking down the single currency at a high-profile meeting of central bankers.