⚠️ Big Day: Jerome Powell Speaks at 6 PM IST Today!
Today, Fed Chair Jerome Powell will give a very important speech — his first public talk since rumors started that he might resign. Markets are watching closely!
🔥 Why It’s Important:
Rumors of Resignation: Some reports suggest Powell might step down early. This created panic in the market.
Political Pressure: There’s tension between Powell and Trump’s team over Fed policy and spending.
Market Impact: Stocks, crypto, and gold could see big volatility after the speech.
👀 What to Watch in His Speech:
Will he talk about stepping down?
Will he confirm interest rate cuts are coming this year?
Can he show strength and independence from politics?
🧠 My Opinion:
Powell will not resign today — he’ll try to calm the markets.
He will likely say the Fed is focused on inflation and data, not politics.
Expect some big market moves right after the speech, especially in crypto and gold.