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After the FOMC: Why Gold Investors Should Watch Kevin Warsh’s Next Move
The latest FOMC meeting may have revealed more than the Federal Reserve’s interest-rate outlook. It also offered the clearest glimpse yet into how Fed Chair Kevin Warsh intends to reshape the central bank. Markets initially focused on the decision to leave rates unchanged and the debate over inflation. However, the bigger story may lie in how the Fed now communicates policy. Shorter statements, less forward guidance and a more discretionary approach suggest Warsh is changing not just monetary policy, but the framework behind it. That matters because the way the Fed communicates today could determine how easily it ... (full story)
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TRUMP SAYS IRAN REACHED OUT SEEKING A NEW AGREEMENT
From kitco.com | 17 min ago
Although gold has managed to reclaim support above $4,100 an ounce, one research firm is warning investors that a decisive bullish breakout is likely to remain out of reach as renewed turmoil in the Middle East keeps inflation pressures elevated and reinforces expectations for tighter U.S. monetary policy. According to commodity analysts at Metals Focus, ...
Gold prices fell on Thursday after hitting a one-week low in the previous session, as U.S. President Donald Trumps declaration that an interim agreement to end the war with Iran was over reignited concerns over higher inflation and interest rates. Spot gold fell 0.3% to $4,066.24 per ounce by 0105 GMT, after dropping to its lowest since July 1 on ...