Saying One Thing; Doing Whatever
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The Federal Reserve wrapped up its September meeting on Wednesday and left interest rates unchanged. But Powell and Company had plenty to say. In this episode of the Friday Gold Wrap, I break down the rhetoric and argue that what the Fed says and what it will do are two different things.
Topics Discussed
- Why talk so much about the Fed?
- Fed leaves rates unchanged but up the hawkish talk
- Paul Krugman deserves the middle finger
- Fed dot-plot indicates tighter policy for longer
- Fed claims the economy looks good
- Why shouldn’t we believe what the Fed says?
- Don’t wait too long to buy gold
Video Length: 00:38:50
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