10.18.19 - Darkening Outlook for U.S.-China Trade Deal

Gold last traded at $1,494 an ounce. Silver at $17.57 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Friday on a weaker dollar. U.S. stocks fell amid weak overseas data while Netflix led Big Tech shares lower.

 

 

 

Fed's Mandate Is Up to Congress & Prez

Federal ReserveThe Fed's Mandate Is Up to Congress and the President -Sheldon/Wall Street Journal
"The role of the Federal Reserve as an instrument of public economic power could use some clarification. The central bank's status as an independent agency derives from an act of Congress in 1913, and is reinforced by oft-invoked references to its statutory 'dual mandate': to achieve stable prices and full employment.

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