The Latest Breaking News from Jerome Powell

Money versus job satisfaction. It is the perennial professional quandary, but there may in fact be one exception: central banking. Jerome Powell, chair of the US Federal Reserve, earns $190,000 per year for the privilege of overseeing the greatest economy the world has ever seen. I'm not saying the job…

Western investors, through physical ETFs, are finally joining the global gold rush led by central banks, Asian investors, and wealthy investors. Holdings of physically backed gold ETFs have risen by 90.4 tons, equivalent to $7.3 billion, since May, according to data from the World Gold Council, and GLD holdings expanded…

Are we looking at a recession, or soft landing? Either way, a rate-cutting environment has big implications for your stocks, bonds, and savings.

"We're always going into this meeting and asking 'What's the right thing to do for the people we serve?' We do that and we make a decision as a group and then we announce it. That's always what it is, it's never about anything else."