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      Silver Fell. The Ore Grades Didn't
      Submitted May 19, 2026      |From silverpriceforecast.com

      Four major primary silver producers just filed their Q1 results. Three reported falling output and cited the same cause. Silver is at $75 today. The ore grades don't care. Silver is trading at approximately $75.69 this morning, down from $87 on May ...

      Fed's Paulson: Navigating Uncertainty- Inflation, Labor Markets, and the Stance of Monetary...
      Submitted May 19, 2026      |From philadelphiafed.org

      Good evening. Thank you, Colby, for that kind introduction. It's great to be here. As many of you know, Congress has given the Federal Reserve and specifically the Federal Open Market Committee the job of delivering stable prices and maximum employment for the American people. I am focused on understanding economic conditions and where they are headed — so that we can position monetary policy to achieve those goals. My team and I spend a lot of time analyzing data and listening to people. We talk to households across the economic spectrum, firms of every size and sector, nonprofits, and a wide range of financial institutions. These conversations tell the stories behind the data and provide a glimpse into the future, since the plans we hear about are not yet reflected in official statistics. The people behind these conversations — employers, workers, families and their communities — are at the forefront of my mind when I'm making monetary policy decisions. Right now, these conversations reflect strain and uncertainty. Inflation is taking a toll. Many families are struggling to make ends meet, especially with the jump in gas prices. Workers are anxious about the job market, both those seeking employment and those worried about keeping their jobs as artificial intelligence (AI) reshapes the workplace. Businesses are navigating enormous change: tariffs, evolving regulations, and now the conflict in the Middle East. All of this is creating opportunity but also disruption. Paulson says current Fed policy appropriate but markets right to price in hikes

      1776 and the Economics of Government
      Submitted May 19, 2026      |From stlouisfed.org|3 comments

      This July Fourth, Americans will commemorate the 250th anniversary of the adoption of the Declaration of Independence in 1776. This year, 2026, also marks the 250th anniversary of the publication of Adam Smith’s The Wealth of Nations.1 Smith’s work ...