Two weeks ago, Federal Reserve Chairman Jerome Powell said it would be "premature" to conclude that monetary policy is sufficiently restrictive. This week, the Fed indicated rate cuts are on tap for next year. What a difference two weeks makes! In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down this week's Fed meeting and the status of the inflation fight. You can visit the show notes page here: https://bit.ly/3NqkzUI Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED - Jerome Powell's big flip-flop - Fed signals rate cuts next year - A so-so CPI report with a lot of hype - Are financial conditions really tight? - The Fed didn't win; it surrendered - Why did the Fed pivot? - Fed pivot jumpstarts gold rally