Wall Street Week Bostic on Inflation, Volatile Gold Prices, The Second China Shock, Investing in Art
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Feb 6, 2026 
Raphael Bostic, outgoing Atlanta Fed president with decades of Fed experience, discusses inflation, labor markets, and monetary policy. He argues for returning inflation to 2% and a data-driven, independent central bank. There are wide swings in gold prices and what they mean for miners and the dollar. Rising Chinese exports pose a fresh shock to European industry, and buying art mixes passion with financial risk.
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Miners Commission Projects Planned At Lower Prices
- Northern Star and Evolution expanded projects planned when prices were much lower.
- CEOs describe commissioning plants that now benefit greatly from current gold prices.
Gold Rally Tied To Fiscal Debasement Fears
- The gold rally reflects debt-sustainability fears and fiscal concerns, not just central bank buying.
- Robin Brooks views gold as a debasement trade driven by retail and fiscal anxiety after key Fed signals.
This China Shock Is Higher Up The Value Chain
- Europe's emerging China shock differs from the U.S. experience because China now exports higher-value goods.
- Economists warn competition now threatens automotive and high-tech sectors, not just low-value manufacturing.