Federal Reserve Chairman Jerome Powell stated that the record surge in gold and other precious metals prices is not a signal for the central bank to reconsider its economic policy. He emphasized that this does not indicate a loss of credibility for the Fed.
Federal Reserve Chairman Jerome Powell said on Wednesday that policymakers at the central bank are not drawing conclusions about macroeconomics from the record high prices of gold and other precious metals. He also dismissed the notion that this could be a sign that the bank is losing its credibility.
To read the latest news in your city, log in to your account.
Choose language
Choose the country
Select a city
