Gold Erases Earlier Gains After Fed Officials Stir Policy Debate
Comment of the Day

November 16 2021

Commentary by Eoin Treacy

Gold Erases Earlier Gains After Fed Officials Stir Policy Debate

This article from Bloomberg may be of interest to subscribers. Here is a section:

St. Louis Fed President James Bullard said Tuesday that the U.S. central bank should be more aggressive in managing risks from price pressures. Bullard participates in the Federal Open Market Committee, which sets direction of U.S. monetary policy, and will become a voting member next year.

“I think it behooves the committee to go in a more hawkish direction in the next couple of meetings so we are managing the risk of inflation appropriately,” Bullard said in a Bloomberg Television interview with Michael McKee, Lisa Abramowicz and Tom Keene.

Eoin Treacy's view

James Bullard will be a voting member of the Fed’s Open Market Committee next year. His pronouncements tend to carry more weight than Neel Kaskari’s, who won’t be a voting member until 2023. 

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