Fed’s battle plan for inflation shredded by financial turmoil

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.”

Share
This entry was posted in Today's top gold news and opinion. Bookmark the permalink.