#PowellRemarks
Urgent: Market collapses are multiplying after Powell's statements.. and gold is falling sharply.
Trump wrote: "This is the perfect time to cut interest rates," adding that Powell should "stop playing politics."
The Federal Reserve Chair did not directly respond to the president's remarks but reaffirmed the central bank's independence and its mandate regarding inflation.
Powell stated: "The Fed is obligated to keep inflation expectations anchored."
While Powell acknowledged the economic risks from tariffs, his message was clear: the Fed will not rush to meet market or political demands. Instead, it will act based on incoming data and its dual mandate.
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