All the talk is of the Fed pausing today but resuming rate cuts by June or July as if the Fed has conquered inflation and is just waiting out Trump’s tariff-related uncertainty. Really?

For the first time ever, the gold price hit $3,000 an ounce last week and, at the time of this writing, is at about $3,030. To give you a sense of how thoroughly Joe Biden devalued the dollar with his mad $6 trillion spending and borrowing spree when Biden entered office four and a half years ago, the gold price was roughly $1,870.

If our math is correct, the gold price is roughly 60% higher today than it was before Bidenomics.

Good going, Joe.

And yet the Fed says there’s no inflation.