Fed doesn’t yet favor a half-point hike or an emergency move
Bloomberg/Craig Torres/2-10-2022
“Federal Reserve officials are in no rush to raise interest rates prior to their scheduled policy meeting next month, nor is a half percentage-point move in March yet likely, despite a bigger-than-expected jump in consumer prices that stoked speculation about such options.”
USAGOLD note: This article is an odd piece of journalism in that no one is sourced directly for the premises advanced. It looks almost like a Fed press release intended to calm the markets. Nevertheless, the overt dovish intent comes as a surprise. Gold and silver began pushing higher right after Bloomberg posted it. One point made that we have emphasized previously is that Jerome Powell is a consensus Fed chairman who, in his news conferences, tends to reflect the views of the FOMC and the Board of Governors as a whole, i.e., the consensus opinion.
