Fed chief faces tough task in Congressional testimony: ‘Walking a tightrope over Niagara Falls’
“When Federal Reserve Chairman Jerome Powell testifies before Congress on Wednesday and Thursday, he is expected to talk about slowing economic activity and increased risks, showing that the Fed is ready to cut interest rates as needed. But Powell is also likely to keep the markets — and the White House — guessing about how soon and how deep the Fed intends to trim rates, when it meets at the end of July.”
USAGOLD note: The headline says it all. . . .