#PowellRemarks

Urgent: The collapses are multiplying in the markets after Powell's remarks... and gold is falling sharply.

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

The Fed Chair did not directly respond to the President's statements but reaffirmed the independence of the central bank and its mandate regarding inflation.

Powell stated: "The Fed is committed to maintaining stable inflation expectations."

While Powell acknowledged the economic risks from tariffs, his message was clear: the Fed will not rush to meet market demands or political pressures. Instead, it will act based on incoming data and its dual mandate.