By jturbin
January 11, 2012 11:55 AM EST
Fed Chairman Ben Bernanke is receiving reinforcements in the form of new dovish members of the Federal Open Market Committee (FOMC) this year. And based on recent comments from the new central bankers, gold is likely to one of many beneficiaries of their monetary policies.
John Williams – President of the Federal Reserve Bank of San Francisco – and Sandra Pianalto – President of the Federal Reserve Bank of Cleveland – made their first public speeches as FOMC voting members yesterday. Both Williams and Pianalto expressed support for the slew of acoommodative monetary policies implemented by the U.S. central bank in recent years.
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