Slow motion central bankers put their maestro status on the line

Bloomberg/Craig Torres and Jana Randow/2-20-2022

“In the U.S. and euro area, central banks have pivoted toward monetary tightening in recent weeks — but they want to take it slowly, even though prices are rising at the fastest pace in decades. That suggests they still see choking the recovery and eliminating jobs as the bigger risk, after persistent unemployment last decade stoked political turmoil across the Western world.”

USAGOLD note: This is another way of saying that central banks will deliberately stay behind the inflation curve, a decision likely to further fuel the desire to own precious metals.