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Will Powell Decouple Gold from the Stock Market?
This week, Powell gave a long television interview and a testimony to the Senate. What groundbreaking did he say, and what do his remarks imply for the gold market? Powell dominated media news this week. On Sunday, the Fed Chair gave an interview to CBS news magazine "60 Minutes," while on Tuesday, he testified before Congress. What did he say? In an interview, Powell tried to persuade viewers that the Fed has not exhausted its powers to help the economy: "we're not out of ammunition by a long shot (...) So there's a lot more we can do to support the economy, and we're committed to doing everything we can as long as ... (full story)