
Gold Price Shoots Past $2,100 Hitting New Record High, Rally to Continue
Several market analysts believe that the Gold price rally can continue further with the potential to hit $2,2000 by the end of 2024.
Jerome Hayden “Jay” Powell is the 16th Chair of the Federal Reserve, serving in that office since February 2018.
Jerome Hayden “Jay” Powell is the 16th Chair of the Federal Reserve, serving in that office since February 2018. He was nominated to the Fed Chair position by President Donald Trump, and confirmed by the United States Senate.
Powell earned a degree in politics from Princeton University in 1975 and a Juris Doctor from Georgetown University Law Center in 1979. He moved to investment banking in 1984, and has since worked for several financial institutions. He briefly served as Under Secretary of the Treasury for Domestic Finance under President George H. W. Bush in 1992. More recently, he was a visiting scholar at the Bipartisan Policy Center from 2010 to 2012. He has served as a member of the Federal Reserve Board of Governors since 2012. He is the first Chair of the Federal Reserve since 1987 not to hold a Ph.D. degree in Economics.
Powell has faced substantial and repeated criticism from President Donald Trump after his confirmation.
Federal Reserve
Feb 5th, 1953
American
Chevy Chase, Maryland, United States
Princeton University (BA) - 1972-1975
Georgetown University (JD) - 1979
Federal Reserve - Chair
Federal Reserve Board of Governors - Member
Treasury for Domestic Finance - Under Secretary - 1992–1993
Several market analysts believe that the Gold price rally can continue further with the potential to hit $2,2000 by the end of 2024.
Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year.
Fed Chair Jerome Powell said that the FOMC is not thinking of rate cuts at all amid their continued fight against inflation. The FOMC members have hinted deceleration in economic growth during he fourth quarter this year.
Fed Chair Jerome Powell said that if is required, they won’t hesitate to rise interest rates further in order to bring the inflation to its desired target of 2%.
As investors and analysts await the official jobs report for October, the 2-year and 10-year Treasury yields moved in opposite directions.