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<p>[QUOTE="yakpoo, post: 5424151, member: 18157"]The idea of ending private gold ownership seemed ridiculous when this article was written just six (6) months ago...less so today.</p><p><br /></p><p><a href="https://markets.businessinsider.com/news/stocks/gold-ownership-illegal-inflation-spikes-economic-coronavirus-recovery-crispin-odey-2020-5-1029220541" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://markets.businessinsider.com/news/stocks/gold-ownership-illegal-inflation-spikes-economic-coronavirus-recovery-crispin-odey-2020-5-1029220541" rel="nofollow">https://markets.businessinsider.com/news/stocks/gold-ownership-illegal-inflation-spikes-economic-coronavirus-recovery-crispin-odey-2020-5-1029220541</a></p><p><br /></p><p>"In seeking to achieve inflation that averages 2 percent over time, we are not tying ourselves to a particular mathematical formula that defines the average. Thus, our approach could be viewed as a flexible form of average inflation targeting. Our decisions about appropriate monetary policy will continue to reflect a broad array of considerations and will not be dictated by any formula. Of course, if excessive inflationary pressures were to build or inflation expectations were to ratchet above levels consistent with our goal, we would not hesitate to act."</p><p><i>...Federal Reserve Chairman, Jay Powell</i></p><p><br /></p><p><a href="https://www.federalreserve.gov/newsevents/speech/powell20200827a.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.federalreserve.gov/newsevents/speech/powell20200827a.htm" rel="nofollow">https://www.federalreserve.gov/newsevents/speech/powell20200827a.htm</a>[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 5424151, member: 18157"]The idea of ending private gold ownership seemed ridiculous when this article was written just six (6) months ago...less so today. [URL]https://markets.businessinsider.com/news/stocks/gold-ownership-illegal-inflation-spikes-economic-coronavirus-recovery-crispin-odey-2020-5-1029220541[/URL] "In seeking to achieve inflation that averages 2 percent over time, we are not tying ourselves to a particular mathematical formula that defines the average. Thus, our approach could be viewed as a flexible form of average inflation targeting. Our decisions about appropriate monetary policy will continue to reflect a broad array of considerations and will not be dictated by any formula. Of course, if excessive inflationary pressures were to build or inflation expectations were to ratchet above levels consistent with our goal, we would not hesitate to act." [I]...Federal Reserve Chairman, Jay Powell[/I] [URL]https://www.federalreserve.gov/newsevents/speech/powell20200827a.htm[/URL][/QUOTE]
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