Gold price drops as Warsh warns Fed still has ‘work to do’ on inflation
Gold fell more than 3% after the Fed chair defended the target and swiped at the bond-market intervention that powered gold's best month since January.
Gold fell more than 3% after the Fed chair defended the target and swiped at the bond-market intervention that powered gold's best month since January.
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Why it matters
Fed official Warsh's comments signaling that inflation remains a concern and the Fed has more to do are a clear monetary-policy signal likely to influence rate expectations and market pricing, directly relevant to credit-market professionals.
Sources
Mining.com
Gold price drops as Warsh warns Fed still has ‘work to do’ on inflation
Gold fell more than 3% after the Fed chair defended the target and swiped at the bond-market intervention that powered gold's best month since January.