Fed Chair Powell on central bank independence: getting inflation under control 'can require measures that are not popular' Fed Powell
Federal Reserve Chair Jerome Powell addressed the need for central bank independence Tuesday, noting that getting inflation under control can mean unpopular measures in the short term.
Gold rallied to daily highs after Powell’s comments revealed no hawkish surprises. February Comex gold futures were last trading at $1,883, up 0.28% on the day. Given that, the Fed has made attempts to be more transparent. “We treat this [independence] as an active, not passive, responsibility, and over the past several decades, we have steadily broadened our efforts to provide meaningful transparency about … the decisions we make in service to the American public.”
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