If We Were to Implement a Gold Price Target, What Should the Fed Funds Rate Be?

Given the Senate Banking Committee’s approval of Judy Shelton’s nomination to the Board of Governors of the Federal Reserve, it seems like a good time to see what stabilizing the price of gold in US dollars would’ve required in terms of the policy rate (akin to how the exchange rate is managed). Using the policy … Continue reading If We Were to Implement a Gold Price Target, What Should the Fed Funds Rate Be?