San Francisco Fed Prez Tells High Schoolhouse Students Gilded Irrelevant

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San Francisco Fed Prez Tells High Schoolhouse Students Gilded Irrelevant

On Friday, San Francisco Fed President John Williams told a grouping of high-school students at  El Camino High School inwards South San Francisco that the dollar was rubber equally the world's reserve currency together with that gilded is irrelevant to Fed monetary policy---which inwards a superficial means is accurate since the Fed hates gilded together with volition speak nearly whatever other marketplace indicator merely gold.

Though yous tin halt move certain that acre Williams together with other Fed officials diss gold, they know very good where the cost of gilded is together with sentinel it closely.

This has ever been the case, I accept been told yesteryear a individual who was waiting inwards an ante-room to view Paul Volcker when he was Fed chair that the kickoff matter Volcker did when walking into the component division was to inquire his secretarial assistant for the gilded quote.

-RW 


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