Gold-Silver Ratio Hits 100:1 – A Historic Buying Signal for Silver 
Jerome Powell defended the Federal Reserve’s cautious approach to Congress, explaining why they’re holding interest rates steady at 4.25%-4.5% despite pressure from President Trump. The Fed Chair emphasized that officials need more clarity on how Trump’s evolving tariff policies will impact inflation and economic growth before adjusting rates. Trump criticized Powell on social media, calling him “dumb” and “hardheaded” for not lowering rates, which keep government borrowing costs high.
Powell acknowledged that tariffs are likely to increase prices and potentially slow economic activity, but stressed that the actual effects remain uncertain as the administration continues to shift its trade policies. Some Fed officials, including Governors Waller and Bowman, have suggested rate cuts could come as soon as July, noting limited tariff impact so far. Overall, Powell described the U.S. economy as solid with a strong job market, though inflation remains somewhat elevated above the Fed’s 2% goal.
