🔴 Federal Reserve Chairman Jerome Powell refuses to answer or comment on several questions regarding the US dollar exchange rate, the metals market, especially recent rises in gold and silver, and others during the press conference held on Wednesday, January 28, after the central bank announced its decision to keep interest rates unchanged following a two-day meeting.

📌 Here are the top five points of interest following the announcement, from the context of the press conference with Federal Reserve Chair Jerome Powell:

1- Inflation remains high: Powell confirms that core inflation reached about 3% in December, reflecting ongoing price pressures, especially in the goods sector affected by tariffs.

2- Future decisions are uncertain: Powell clarifies that the Fed is well-positioned to determine the extent and timing of any additional interest rate adjustments, emphasizing that monetary policy is not on a predetermined path.

3- The labor market may be stabilizing: Powell indicates that the US labor market might be heading toward stability, but noted a decline in the workforce due to reduced immigration.

4- The independence of the Fed is under test in a sensitive political year: Powell strongly defends the Fed's independence, considering it a fundamental pillar of modern democracies and a safeguard against politicizing monetary policy.

5- The debt trajectory is unsustainable: Powell warns that the growth of federal debt is on an unsustainable path, although its current level does not pose an immediate threat to markets.
#GoldBreaks$5,500 #FedKeepsRatesUnchanged
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