🔴 US Federal Reserve Chairman Jerome Powell chose not to answer or comment on several questions about the price of the US dollar, the metals market, especially the recent rises in gold, silver, and others, during his press conference held on Wednesday, January 28, after the central bank announced its decision to stabilize interest rates after a two-day meeting
📌 Here are five highlights of the decision following the announcement of the decision, and in the context of Fed Chair Jerome Powell's press conference: 1. Inflation remains high: Powell confirms that core inflation reached around 3% in December, reflecting continued price pressures, especially in the goods sector affected by tariffs 2. Future decisions uncertain: Powell makes it clear that the Fed is well positioned to determine the extent and timing of any further rate adjustments, stressing that monetary policy is not on a predetermined path The labor market may be on its way to stability: Powell suggests that the U.S. labor market may be on its way to stability, but he pointed to a decline in the labor force as a result of declining immigration 4- Fed independence is put to the test in a sensitive political year: Powell strongly defends the independence of the Fed, considering it a key pillar of modern democracies and a safeguard against the politicization of monetary policy 5. Debt on an unsustainable path: Powell warns that Fed debt growth is on an unsustainable path, even though its current level does not pose a direct risk to markets #GoldBreaks$5,500 #FedKeepsRatesUnchanged $SOL $XRP $GT
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🔴 US Federal Reserve Chairman Jerome Powell chose not to answer or comment on several questions about the price of the US dollar, the metals market, especially the recent rises in gold, silver, and others, during his press conference held on Wednesday, January 28, after the central bank announced its decision to stabilize interest rates after a two-day meeting
📌 Here are five highlights of the decision following the announcement of the decision, and in the context of Fed Chair Jerome Powell's press conference:
1. Inflation remains high: Powell confirms that core inflation reached around 3% in December, reflecting continued price pressures, especially in the goods sector affected by tariffs
2. Future decisions uncertain: Powell makes it clear that the Fed is well positioned to determine the extent and timing of any further rate adjustments, stressing that monetary policy is not on a predetermined path
The labor market may be on its way to stability: Powell suggests that the U.S. labor market may be on its way to stability, but he pointed to a decline in the labor force as a result of declining immigration
4- Fed independence is put to the test in a sensitive political year: Powell strongly defends the independence of the Fed, considering it a key pillar of modern democracies and a safeguard against the politicization of monetary policy
5. Debt on an unsustainable path: Powell warns that Fed debt growth is on an unsustainable path, even though its current level does not pose a direct risk to markets
#GoldBreaks$5,500 #FedKeepsRatesUnchanged
$SOL
$XRP
$GT