Powell Speaks: Fed Chair Addresses Economic Challenges Amid Inflation and Recession Fears

Federal Reserve Chair Jerome Powell delivered a keynote address at the Economic Club of Chicago, outlining key economic concerns surrounding inflation and potential recession risks. The speech provided insights into the current state of the economy, notably addressing recent trends in inflation rates and the potential implications for interest rate policy. Market participants anticipate that Powell’s pronouncements will significantly impact financial markets, specifically influencing gold, silver, and currency exchange rates.