by David Brady
My apologies for the tardiness of my article this week, but given my focus on bond yields and the implications for precious metals and miners, I wanted to wait to hear what the chief ‘Facilitator of Spending’, Fed Chair Powell, had to say during a Wall Street Journal conference today.
Here are the highlights with my comments below:
“We expect that as the economy reopens and hopefully picks up, we will see inflation move up through base effects,” Powell said. “That could create some upward pressure on prices.”