How the Fed Controlled the Price of Gold From 1982 Until 1995
thegoldobserver.substack.com
An academic study published in 1996 shows evidence that the Federal Reserve was influencing the price of gold over the observed period. The Fed used one of its main interest rate tools, the federal funds rate, to stabilize both the gold price and consumer price inflation.
How the Fed Controlled the Price of Gold From 1982 Until 1995
How the Fed Controlled the Price of Gold From…
How the Fed Controlled the Price of Gold From 1982 Until 1995
An academic study published in 1996 shows evidence that the Federal Reserve was influencing the price of gold over the observed period. The Fed used one of its main interest rate tools, the federal funds rate, to stabilize both the gold price and consumer price inflation.