Watch “Fed’s Powell: U.S. is a ways away from ‘substanti…” on YouTube

by | Aug 4, 2021 | Politics

Federal Reserve Chair Jerome Powell shed more light on the tapering timeline during his press conference on Wednesday, noting that the U.S. has not reached “substantial further progress” to start curbing the central bank’s $120 billion a month in asset purchases.

“We are not at substantial further progress. This meeting was the first deep dive on timing, pace, and composition [of asset purchases], but no decision was made,” Powell said. “We are making progress. And we expect that if things go well … and when we reach our goal, then we’ll taper at that point.”
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit

Follow us on social media:
Facebook –
Twitter –
StockTwits –

Live gold price and charts:
Live silver price and charts:

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week:

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.

View Original Article

Consider a Gold IRA

One strategy for protecting your wealth is diversifying your portfolio with a Gold IRA. Oakhurst Metals specializes in Gold IRAs and can help you convert your traditional or Roth IRA or 401(k) into a Self-Directed IRA, capable of investing in IRA eligible precious metals. To get started, give us a call at (888) 260-4749 or fill out your information here.

3 Ways To Survive Devastating Dollar Collapse

The U.S. economy is unstable, as is the future. Learn how to protect your wealth from the dollar collapse and discover viable ways to grow your wealth as well. Introduction The period of the U.S. greenback’s “exorbitant privilege” because the world’s major reserve...

Fed Forecasts Higher Unemployment, Worse Inflation, Lower Growth

Fed officials now expect inflation to run at 4.2 percent this year, up from 3.4 percent at the June meeting. | Economy

Biden said he wouldn’t raise your taxes. Washington is coming for your wallet anyway

President Joe Biden repeatedly promised not to raise taxes on anyone earning under $400,000 per year. Now, Biden, Senate Budget Chairman Bernie Sanders, and House Speaker Nancy Pelosi are attempting to pass the costliest bill in history, and in doing so, they will violate Biden’s promise and hit…

Fed Officials See ‘Transitory’ Inflation Lasting Quite a While

The Fed has said inflation will soon return close to its 2% target, yet it is clear officials are turning less sanguine—and that explains growing eagerness to start raising rates.

Here’s Why The Bulk Of Afghan Refugees Are Heading To Purple States

The U.S. ended its combat mission in Afghanistan last month and the government is now preparing to relocate thousands of Afghan refugees in swing states.

‘Infrastructure’ Bill Would Break Biden’s Pledge to Not Raise Taxes

Joe Biden said Americans making under $400,000 would not see a tax increase despite the ‘infrastructure’ bill raising tax brackets over time.

Amnesty Bill to Spike Americans’ Rents, Housing Costs

The Democrats’ amnesty bill invites three million chain-migration arrivals into the U.S., likely imposing higher rents on Americans.

Biden’s Corporate Tax Hike Higher than Communist China’s

Democrats are looking for ways to pay for their $3.5 trillion spending plan, including raising corporate taxes.

How Democrats Plan to Hike Taxes to Pay for $3.5 Trillion in Spending

Democrats would hike several taxes—many by large amounts—and they still wouldn’t fully cover the cost of their $3.5 trillion spending plan.

Consumer Prices Up 5.3 Percent as Food, Fuel, and Shelter Surge Higher

Consumer prices rose again in August, albeit at a slower pace than earlier in the summer. The Consumer Price Index rose 5.3 percent compared with a year | Economy

Opinion | Here Comes the Biden Tax Bill

Pelosi marches House Democrats to the political gallows.

Live Gold Price

Live Silver Price

Skip to content