J. Powell’s Do-Si-Do: SchiffGold Friday Gold Wrap Dec. 2, 2022
Federal Reserve Chairman Jerome Powell came out this week and indicated the central bank is set to pivot away from its aggressive rate hikes. But he couched the announcement in hawkish terms. The markets bought the pivot and ignored the hawkishness. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey puts Powell’s remarks in a broader context and speculates about what might be coming down the pike.
Topics Discussed
- Jerome Powell’s speech
- The Fed’s “knowledge problem”
- Gold breaks $1,800
- The feckless inflation fight
- Something in the economy is going to break
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.
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SHOW NOTES
Treasury Market Liquidity and Volatility Problems Could Derail Fed Balance Sheet Reduction
Peter Schiff: The Inflation Tax Jacked Up the Cost of Your Thanksgiving
Consumer Confidence Declines for Second Straight Month
Investors Fleeing Housing Market as Bubble Deflates
It is time to revisit the 2% inflation target
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