Biden government policy or good gold price

Yellen once judged the economic prospects. Before the acceleration of the US economic recovery, the United States said that the United States might have entered a decline and missed the opportunity to increase interest rates. Therefore, if you study Yellen in -depth, you will find that she is used to saying not to do it, and often misunderstand the situation.

As for Powell, I believe that people who can see that he can only see that he is just holding the mentality of doing things in accordance with the "boss" as the Federal Reserve chairman. In addition to knowing the looseness of the central bank and worrying about the pressure of the stock market all day, he lacks the decision and makes a relatively aggressive. And the bold decision.

Powell and Yellen

Text | China Gold News Special commentator Li Yongda

This article is an original article of China Gold Network. The content is for reference only, and does not constitute operating suggestions or investment guidelines.

The U.S. inflation data continues to rise in May and exceeds 8.6 % of market expectations. In addition to the soft price of wood, most of the remaining inflation ratio has continued to strengthen. The inflation data did not immediately support the gold price after the announcement of the announcement. The main reason was that the interest rate hike was expected to soar after the release of the inflation data, but the subsequent consumption data fell to a 10 -year low, strengthened the worries of the US economic recession, and crack down on interest rate hike expectations. In the predicament, the gold price won the strongest rise in a week.

The author predicts that as long as the situation of Ukraine and the global new crown pneumonia continues, the probability of further fermentation of stagflation will increase. Gold prices may gradually return to action.

Yellen said when he attended the U.S. Congress's hearing, and said that he had a mistake in inflation. At the same time, the Republican lawmaker accused him of promoting Biden's $ 1.9 trillion aid plan to further promote inflation. Yellen said that geopolitical conflicts are not predictable, so as to shirk responsibility. Environmental factors do affect the economy, but the more important thing is that as the governor, their reactions and decisions often affect the development of the situation. At present, the leading situation is naturally the Bayeng government and the Federal Reserve Chairman Powell.

Today's situation can be said to be the result of Western countries' care of obtaining political interests.

After the author's inauguration and nomination of Yellen as the Minister of Finance and stayed in Powell, the author posted that Biden may repeat Carter's nightmare. It is currently very similar to that of Carter's dilemma in the US president in the 1970s. The predicament may be worse. The author has this judgment, not because of environmental factors, but because of the personality of the deacon.

Biden is undoubtedly an experienced politician. The advantage is to observe the people's conditions. His strong aspect is to fight for disadvantaged and niche support to accumulate political capital; At the time of changes, the decision -making power will be handed over to the United States Congress's joint conference. And Biden's diplomacy only follows the core principles and style of serving the president of the Democratic Party. Of course, the decision -making decisions of Biden are also related to the lack of insights and ideas about the lack of economic.

Faced with the problem of epidemic, geopolitics, and inflation, Biden delegated power to make decisions to the White House staff to make decisions. This method of decentralizing power is not a bad thing, but the question is whether the object supported is appropriate.

Regarding the pressure on the US economy and inflation, Biden relied on Yellen and Powell to solve the problem, but he ignored the two of them as the power of the prosperous world, not the talents of troubled times.

Among Yellen's successive Federal Reserve Chairman, except for the long -term management management, there is no achievement. Facing the low base environment after the financial tsunami, the economic recovery is naturally not. The United States was able to successfully get out of the economic recession at that time. It was not effective for the Federal Reserve policy. Steady to $ 50/barrel, it stimulates consumption and drives the recovery of the US employment market.

However, Yellen had misunderstood the economic prospects during his tenure. Before the acceleration of the US economic recovery, the United States said that the United States might have entered a recession and missed the opportunity to increase interest rates. Therefore, if you study Yellen in -depth, you will find that she is used to saying not to do it, and often misunderstand the situation.

As for Powell, I believe that people who can see that he can only see that he is just holding the mentality of doing things in accordance with the "boss" as the Federal Reserve chairman. In addition to knowing the looseness of the central bank and worrying about the pressure of the stock market all day, he lacks the decision and makes a relatively aggressive. And the bold decision.

In the face of the dilemma, if the supervisor has nothing to rule, but the middle level will only play with the tongue, and the frontline executors are unwilling to bear it. The three will only blame the problem on the third party. Therefore, don't be too pessimistic about the price of gold.

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