Fed May Let Inflation Run Higher If Unemployment Surges

March 27, 2024

At last week's Fed meeting and press conference, the markets rallied as the FOMC's Summary of Economic Projections suggested that the Fed members are still anticipating 3 rate cuts in 2024.

Yet what got less attention, but may be even more impactful, is that Jerome Powell suggested that the Fed may be willing to let inflation run hotter than its 2% mandate if there's a surge in the unemployment rate (which has risen from 3.4% last May to 3.9% this February).

So in today's show we look at the Fed's recent comments, as well as the reaction in the precious metals in the days following the Fed's announcement, that occurred after yet another increase in the silver short position held by the banks.

To find out more, click to watch the video now!

Arcadia Economics

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