AuAltinavcisiPrecious metals news and analysis

Fed & yields

Fed Holds Firm on Rates Despite Trump’s Calls for Powell’s Removal

Fed Holds Firm on Rates Despite Trump’s Calls for Powell’s Removal

Federal Reserve officials continue resisting pressure to lower interest rates, despite President Trump’s demands and his call for Fed Chair Powell’s “termination.” New York Fed President John Williams stated clearly that he sees no need to adjust rates soon.

Trump, who appointed Powell in 2017 but quickly began criticizing him, has economic advisers who say Powell will complete his term ending May 2026. However, Trump’s unpredictable approach has Wall Street concerned, especially with a Supreme Court case that could potentially allow presidents to fire independent agency commissioners.

Fed officials remain focused on inflation concerns. Williams acknowledged a likely inflation burst this year but emphasized preventing temporary price increases from becoming persistent. While market derivatives suggest traders expect four rate cuts in 2025, Williams noted that options trading points to expectations of only one or two cuts.

Eight more from the desk

Other dispatches from the bullion wire.

Gold’s Surge Signals Hidden Inflation Threat, Analyst WarnsGoldGold’s Surge Signals Hidden Inflation Threat, Analyst Warns
`Hand holding a financial research report with a red circle marking a key price range on a chart, dark walnut desk, coffee mug in background`Silver5 Signals the Mainstream Gold & Silver Narrative Missed
Hormuz, the Fed, and the Battle for Safe-Haven StatusOil & energyHormuz, the Fed, and the Battle for Safe-Haven Status
June 2026 CPI report showing negative 0.4 percent alongside a 400oz London Good Delivery gold bar, illustrating gold price reaction to June CPI dataFed & yieldsGold Jumped $90 This Morning. June CPI Just Explained Why.
Oil tanker transiting the narrow strait near the site of this week's Hormuz tanker strikeOil & energyIran Hit a Tanker in Hormuz and Trump Threatened Iran. Oil Isn’t Reacting.
Gold Above $5,200, Silver Above $90 — as Inflation Refuses to FadeSilverGold Above $5,200, Silver Above $90 — as Inflation Refuses to Fade
Gold Spot Price Explained: Why It Changes Every 15 SecondsFed & yieldsDollar Slides as Market Anticipates Fed Rate Cuts Amid Tariff Concerns
Tariff Pain Shifting from Businesses to Consumers, Could Push Inflation to 3.2% by Year-EndFed & yieldsTariff Pain Shifting from Businesses to Consumers, Could Push Inflation to 3.2% by Year-End