Senate confirms Trump pick Warsh as chairman of the Federal Reserve, following Powell
I woke up this morning to a news report: Warsh has been confirmed as the new Chairman of the Federal Reserve. To be honest, this result wasn't entirely unexpected, but it still gave me a slight jolt. The more practical question is: what does this mean for my gold investments?
With Warsh confirmed as the Federal Reserve Chairman, what should I be aware of when investing in gold?
byu/BigExpress8345 ininvesting
Posted by BigExpress8345
4 Comments
Gold was flat or negative for 30 years from 1980 to 2010
what special powers does Chair have that other board members dont have?
Imo in terms of moving interest rates, if the Fed does anything under Warsh it will be rate cuts which will be a tailwind for gold, or no cuts at all which will have little impact. I don’t think they will raise rates from here even if inflation gets worse. And if 2024-2025 are any indicator, gold can still run up even when bond yields are high.
Why gold over stocks?