Gold prices surge as US dollar weakens: Steve Forbes warns of 1970s-style inflation, recession risk, and Federal Reserve missteps
FORBES Chairman, Steve Forbs, warns of American prices that are rising amid global tariff tensions and weighing the Federal Reserve Command.
Customs tariffs and backup currency in the Federal Reserve and Reserve in America – economic volatility draws a dark financial image that will lead to a slowdown in stagnation, according to one expert.
“The dollar is weakening, and this always leads to inflation in the future,” said Forbes, Forbes Editor -in -Chief of “Varney & Co.”. Monday.
“Since 2023, Gold’s went from $ 1,800 to $ 3400 an ounce. It is a sure sign that we will get twice the dollar,” has expanded, which in the end means turmoil and higher market prices. Just look at the seventies, and we can see wherever this is not done now.
Reuters reported that Reuters had lost more than 1 %, and the US dollar fell to a three -year minimum level on Monday, as president Donald Trump continues to criticize the Federal Reserve Chairman Jerome Powell and continues the global trade and tariff markets.
The senior officials of the Federal Reserve reveals “no”. 1 Theme “Pals for Big Business and Investment Decisions
Trump recently described Powell as the “main loser” and said that the central bank should “make preventive discounts” of interest rates. Trump’s comments come after he said in a social publication in fact last week that Powell “is always late and a mistake” and this, “ending Powell cannot come quickly enough”, although the chair confirmed that he served the rest of his mandate until May 15, 2026.
On Monday, April 21, the best Wall Street indicators were circulated, and the US dollar reached its lowest level for three years. (Getty Images)
“Unfortunately, the Federal Reserve does not know much about inflation; it believes that prosperity causes inflation. In the full way that the Federal Reserve is designed, the way they do the monetary policy is wrong.”
“So, what will you do with the Federal Reserve? Reducing interest rates will not address what the definitions and doubts that create the prices that raise it with the economy are doing,” as assumed. “The Federal Reserve can specify the value of the dollar and focus on it, but there is nothing they can do about the rest of the inflation that is now offered.”
The members of the “Kudlow” team analyzes David Malpass, EJ Antoni and Judy Shelton Federal Reserve’s performance.
Al -Allianz analysis, which was released last week, indicated that after the announcement of the Trump tariff, “Liberation Day”, investors initially moved to traditional armed assets such as the American treasury and the dollar.
However, as soon as the “mutual” definition scale becomes clear, the focus on inflationary effect and expectations that the customs tariff will push the inflation to the top and delay the cuts that were expected to reach earlier, stimulating away from those safe havens.
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Jerry Baker is discussing the contributor to Fox News whether President Donald Trump’s tariff hinders tax reform on “Varney & Co.”
Forbes said: “If we do not solve this thing in the next ninety days, you will see that you have prices that you must rise because people will not stop trading, and they have to buy certain things,” Forbes said.
“I think you will see many cases where some deals will be, and they will shed light on them and provide accessories to others,” he added. “But uncertainty is a killer and people hinder. Therefore, I do not know what prices are on prices, but it will lead to a slow economy, and perhaps the recession economy, unnecessarily.”
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Eric Rafeel in Fox Business contributed to this report.
2025-04-21 16:41:00
