Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation

More QE will not induce inflation. We have been doing QE for 12 years now. Japan for 30 years. If QE generated inflation, we would have seen it by now. QE puts free money on those who need it the least. The big corporations and the speculators. They then use it to do stock buy-backs and speculate on assets like property and shares, creating bubbles, while the mass of the people never see any of this money in their pocket. All they see is stagnation, dead-end "gig economy" jobs (try raising a family of 4 as an Uber driver) and house prices that take 250 years of their income to match, as housing becomes an "investment asset" for the rich to speculate on, rather than an asset that serves the needs of working people and their families

well Powell has already fuelled the bubble of bubbles surpassing the DotCom boom the entire Nasdaq index is approaching 50 times earnings, the S&P is heading towards 35 times earnings. This guy is a lunatic running the asylum all of his liquidity is going to every person that does not need it, CEOs of Tech are already dripping in huge piles of cash they've nowhere to put it except buying their own stock. This is going to another crash it's overheating already.

Do we honestly expect a representative of the finance and banking establishment to take measures that will "crank up inflation"? The finance and banking interests live off interest on debt. Their worst enemy is inflation, for it inflates away the value of their asset: debt. Our society has been taken over by this establishment and this is the reason why there hasn't been inflation. Because they don't want it. It would end their dominance. Only when a new class takes over, whose interests would be best served by higher inflation, will we get it. I grew up in country with 20% inflation per year. The working classes thrived, debt evaporated in a few years (imagine taking on a mortgage and watch its value drop by 20% per year, as your salary increases by the same amount to match inflation, while your nominal mortgage amount stays the same. In 5 years, your mortgage is basically ZERO. Did you get hurt by that? No. Did your bank get hurt? YOU BET!) Inflation is the NEMESIS of the bankers and the financiers. They will do everything to make sure the value of the debt stays stable

If indeed Powell does do the Boring routine you can be sure he will get added to Pelosi's shit list for not going full on hysteric.
Get ready for a good laugh. Politics it is better then going to a comedy show.

besides--what options does he have left? Print more money?

Really doubtful that Powell would deliver a major policy change without warning.
There was nothing in minutes that implies what article claims as high probability outcome.
Powell does not like to surprise markets and economy is not crashing, if anything it is on road to recovery.
Sure he can stress uncertainty of outlook and that all tools as Fed sees them are open for deployment but he also is aware that Virus numbers are not out of control and rising. If anything medical effects are stable at this time.

Fed follows not leads unless events go belly up and at this time there is no evidence of economy going belly up.
Powell will be his usual Boring self.

How it can effect Gold ? what are the expectations for gold tomorrow, Do we expect a rise or fall ? anyone can explain it with some analysis.

#TrainWreck Skip Powell's Train Wreck. Buy BTC.