Yesterday’s release of the Federal Reserve’s current monetary policy, coupled with statements made during the press conference by Chairman Powell, signaled a continuation of the extremely accommodative stance. The Fed vowed to continue to provide the support necessary to rebuild the U.S. economy. By keeping interest rates (Fed funds) near zero, and their ongoing purchases of mortgage-backed securities and U.S. debt. The Federal Reserve has had the enormous task of reigniting a $20 trillion economy that was brought to its knees as a direct result of the global pandemic which caused a global recession... Read more: https://www.thegoldforecast.com/gold/2021/federal-reserves-monetary-policy-moves-gold-substantially-higher
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