Fed Credibility Crisis Could Fuel Gold Rally | Metals Mine

  • Fed Credibility Crisis Could Fuel Gold Rally

    From sbcgold.com

    President Trump’s escalating attacks against the Federal Reserve Chair Jerome Powell are rattling investor confidence and threatening the central bank’s historical independence. The growing rift is throwing more waves of uncertainty into an economic sea of volatility. Analysts and lawmakers warn that Trump’s ousting of the Fed chair would tank the institution’s credibility, leading to dollar and Treasury weakness and disrupted monetary policy, ultimately driving investors to gold. Trump’s criticism of Powell began early in their first terms, when he blasted the Fed Chair as “crazy” for raising interest ... (full story)

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