First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/05/09/take-advantage-when-markets-succumb-to-fear-002526
Last Wednesday’s rate hike by the Federal Reserve failed to convince investors that the central bank can tame inflation without wrecking the economy. Subsequent remarks by Jerome Powell insisting that the economy isn’t vulnerable to recession were also unconvincing – especially given the Fed chairman’s lousy forecasting track record (“transitory” inflation has proven to be more like intractable inflation).
