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Thank you, President Kashkari, for the introduction, and thank you to the conference participants for the opportunity to speak with you.1 As you all know, the payment system relies on the kind of cooperation and collaboration that this body represents. So, let's begin by acknowledging that ongoing effort. From its founding, the Federal Reserve has played a ...
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Gold is hitting record highs. But this new rally is bucking long held trends for the commodity, and bringing in a new class of investors. Typically, gold prices peak in periods of economic weakness and recessions; but by most measures, the U.S. economy is doing pretty well. WSJ breaks down the factors driving gold’s historic rise, and what makes it ...