Financial Times/Colby Smith and Kate Duguid/1-26-2022
“Powell dodged a question on whether the Fed could raise rates at every subsequent meeting this year — which would amount to seven increases in 2022 — instead saying that the central bank would be ‘humble and nimble’ and ‘guided by the data.’”
USAGOLD note: With that Powell humbly and nimbly rattled the markets ……… Stocks plummeted almost 475, bond yields leaped and gold gave up near $25.
