#PowellRemarks Doubles in the markets after Powell's remarks.. and gold falls sharply.

Trump wrote: "This is the perfect time to lower interest rates," adding that Powell should "stop playing politics."

The Federal Reserve Chairman did not directly respond to the President's comments but reiterated the independence of the central bank and its mandate regarding inflation.

Powell stated: "The Fed is obligated to maintain stable inflation expectations."

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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