Fed May Let Inflation Run Higher If Unemployment Surges

File:Marriner S. Eccles Federal Reserve Board Building.jpg

Image source: Wikipedia

At last week's Fed meeting and press conference, the markets rallied as the FOMC's Summary of Economic Projections suggested that the Fed members are still anticipating 3 rate cuts in 2024.

Yet what got less attention, but maybe even more impactful, is that Jerome Powell suggested that the Fed may be willing to let inflation run hotter than its 2% mandate if there's a surge in the unemployment rate (which has risen from 3.4% last May to 3.9% this February).

So in today's show, we look at the Fed's recent comments, as well as the reaction in the precious metals in the days following the Fed's announcement, that occurred after yet another increase in the silver short position held by the banks.

Video Length: 00:19:56

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