New Fed Chair Powell’s Testimony Spooks The Markets | Golden Rule Radio
The new Fed Chair Jerome Powell testified before the house financial services committee for the first time this week. Powell’s remarks hinted at the possibility of 4 rate hikes this year, moving faster than the December 2017 estimate. The idea of a more aggressive FED was enough to have the DOW closing down on Tuesday & Wednesday. Investors fear a FED overshoot. How did Powell’s comments impact gold, silver, platinum, palladium, and the US Dollar? We’ll explore that on today’s Golden Rule Radio.