Fed’s battle plan for inflation shredded by financial turmoil

March 16th, 2023 Gold comments

Bloomberg/Catarina Saraiva and Craiig Torres/3-13-2023

graphic image of helicopter money drop “Federal Reserve Chair Jerome Powell’s strategy to speed up the central bank’s inflation-fighting efforts is unraveling in the wake of Silicon Valley Bank’s collapse.”

USAGOLD note: Nothing alters Fed tightening policies faster than a financial crisis…… And it did so as if it knew it was coming – rolling out a major rescue plan within 48 hours of SVB’s collapse. Economist Nouriel Roubini warned yesterday of “endless inflation.”