$69 postpage LB

Gold Rallies as Fed Chair Jerome Powell Flags of Lasting Economic Damage

  • May 14, 2020 04:34 PM AEST
  • Team Kalkine

The United States Federal Reserve Jerome Powell warned of dire economic consequences if lawmakers do not adopt protective measures on the economic front.

Gold MTF non-AMP

  • In his recent economic speech, Mr Powell indicated that the magnitude and rapidity of the current downturn are without any modern precedent and it is considered the worst, even more than the recession led by the 2008 Financial Crisis.
  • Furthermore, the Fed chair mentioned the unprecedented reversal in economic conditions has served a level of pain, which would be inexplicable, while the future remains uncertain.

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK