The precious metals complex powers higher into September

BESSENT SAYS FED MUST CHANGE COURSE - WSJ BESSENT SAYS 'MISSION CREEP' THREATENS FED INDEPENDENCE - WSJ US Treasury Secretary Bessent: The Fed tool kit is too complex to manage - WSJ. US Treasury Secretary Bessent: When the Trump Administration shifted toward tax cuts and deregulation, the Fed's forecasts were too pessimistic - WSJ. Bessent: The Fed has placed its own independence in jeopardy. The Fed "must scale back the distortions it causes in the economy." "Unconventional policies such as quantitative easing should be used only in true emergencies, in coordination with the rest of the federal…

FED GOOLSBEE: I'M STILL UNDECIDED ON SEPTEMBER RATE DECISION Fed’s Goolsbee: We’d Be Nervous If We Started To See Layoffs – BBG TV - Also Have To Look At Inflation Side Of Fed's Mandate - Wants To Make Sure Services Inflation Uptick Is A Blip Fed's Goolsbee: I still think we're likely in the full-employment space. GOOLSBEE: GETTING SHOCKS PUSHING US IN STAGFLATIONARY DIRECTION