Category: Gold

MarketWatch/William Watts/4-6-2022

“It’s hard to know how much the U.S. Federal Reserve will need to do to get inflation under control. But one thing is certain: To be effective, it’ll have to inflict more losses on stock and bond investors than it has so far.” – Bill Dudley, former New York Fed president

USAGOLD note: If Dudley is right that the Fed is likely to push the stock and bond markets over the cliff, would it not be prudent to stay diversified? To say the least, Dudley’s comments will not be welcome on Wall Street.

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Bloomberg/Craig Torres/4-5-2022

“Federal Reserve Governor Lael Brainard called the task of reducing inflation pressures ‘paramount’ and said the central bank will raise interest rates steadily while starting balance sheet reduction as soon as next month.”

USAGOLD note: Bloomberg posted this article prior to the release of the Fed minutes Wednesday morning. Reaction to those minutes has been muted thus far. Though the public tone among Fed members including Brainard has been hawkish, the policy itself, as hinted in those minutes, is falling on the dovish side of the monetary ledger.

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