The Federal Open Market Committee on Thursday announced that it has approved changes in its written policy strategy that are widely seen as leading to an easier position of monetary policy over time. In a statement, the Fed said it had adopted an “average inflation target” and acknowledged the benefits …
Read More »Gold falls into volatile trading as investors digest Powell’s Jackson Hole speech
Gold futures moved Thursday lower in volatile trading that saw prices in both directions up as much as 2%. Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole Economic Symposium that were seen as offering a more accommodative monetary …
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