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Willem Middelkoop, founder, investor, commodity fund manager at Commodity Discovery Fund, comments that the Federal Reserve’s primary objective has been price stability since 1913.
He appears to assess this long-standing priority with a tone of irony.
Middelkoop has previously highlighted that central banks are taking steps to reduce their dollar reserves and increase gold holdings, citing concerns over rising risks in the U.S. currency strategy. In a separate note, he pointed out a 7% drop in Rio Tinto's copper output after a smelter outage in Utah. These observations reflect his focus on global financial system developments and commodities.