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Powell Expected to Sidestep Exchange Rate Issue, Maintain Non-Intervention Stance

2 hours ago

On January 29th, former Federal Reserve Vice Chair Richard Clarida said he expects Federal Reserve Chair Jerome Powell will not address the dollar during today’s Q&A session. “The Fed is avoiding any and all discussion of exchange rates,” Clarida noted. (FX678)
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Powell: Trump's Fed Chair Pick Could Come in About a Week

On January 29, U.S. Treasury Secretary Janet Yellen stated that the nominee for Federal Reserve Chair tapped by former President Trump could be announced in roughly a week, per FXStreet.

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Powell: Expect Tariff Inflation to Fade by Mid-2026

On January 29, Federal Reserve Chair Jerome Powell stated he expects tariff-related inflation to subside by mid-2026, per Xinhua News Agency.

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Spot Gold Hits All-Time High During Powell Speech

On January 29th, spot gold jumped to $5,330 per ounce—hitting a fresh all-time high—with a 2.91% intraday gain, per Bitget market data.

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Powell: Rate hike is not anyone's foregone assumption, no one is expecting the next meeting to include a rate hike

On January 29, Federal Reserve Chair Jerome Powell stated that a rate hike is not part of anyone’s baseline assumption, and no one anticipates an increase at the next meeting. A rate cut will be warranted if the labor market weakens, but not if it remains strong. Downside risks to the labor market must also be monitored should they reemerge. (jin10)

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Powell: If tariff-driven inflation this year eases, it would show we can ease policy

**January 29 – Federal Reserve Chair Jerome Powell said Friday he has no intention of outlining specific criteria for future interest rate cuts.** Risks to the Fed’s dual mandate (maximum employment and stable prices) have somewhat diminished, he noted, adding that Committee members hold differing views on balancing these risks. Powell also stated the impact of tariffs on goods inflation is expected to peak this year before declining. “If we see that tariff-driven inflation peak and subsequent fall,” he said, “it would suggest we can ease policy.” Short-term inflation expectations have fully receded—“very reassuring,” he emphasized. Longer-term expectations reflect confidence inflation will return to the Fed’s 2% target, per FX678.

43 minutes ago

Three Strikes of Evasive Silence: Powell Tight-Lipped on Sensitive Issue

Jan. 29 – Reporters have three questions that remain unanswered by the Federal Reserve (Fed): 1. It provided no additional details regarding political pressure on the central bank. 2. It offered no comment on whether a relevant official will depart the Fed in May. 3. It declined to comment on the U.S. dollar exchange rate. (FX168)

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