Gold prices recently climbed to around 5400 yen, and amid increasing global economic uncertainty, precious metals have become the preferred safe-haven investment for investors. Although market attention to gold's rise continues to grow, Federal Reserve Chairman Jerome Powell recently expressed a completely different stance. He pointed out that fluctuations in gold prices do not have significant implications for the Fed's policy decisions, and the Fed remains focused on core economic indicators such as employment and inflation.
Powell emphasized that the Federal Reserve does monitor trends in various asset prices, including stocks, bonds, and commodities, but this does not mean the central bank will adjust its policy direction accordingly. As a traditional safe-haven asset, gold's price movements often reflect market sentiment rather than a direct indicator of Fed policy effects. His statement indicates that despite gold's strength, the Fed will continue to formulate monetary policy based on its independent judgment.
It is also worth noting that Powell mentioned the importance of setting an example for successors, emphasizing the importance of maintaining political neutrality in central bank leadership. This view reflects the Fed's focus on institutional independence and decision-making objectivity, and also hints that future policy directions will continue this tradition.
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Gold prices recently climbed to around 5400 yen, and amid increasing global economic uncertainty, precious metals have become the preferred safe-haven investment for investors. Although market attention to gold's rise continues to grow, Federal Reserve Chairman Jerome Powell recently expressed a completely different stance. He pointed out that fluctuations in gold prices do not have significant implications for the Fed's policy decisions, and the Fed remains focused on core economic indicators such as employment and inflation.
Powell emphasized that the Federal Reserve does monitor trends in various asset prices, including stocks, bonds, and commodities, but this does not mean the central bank will adjust its policy direction accordingly. As a traditional safe-haven asset, gold's price movements often reflect market sentiment rather than a direct indicator of Fed policy effects. His statement indicates that despite gold's strength, the Fed will continue to formulate monetary policy based on its independent judgment.
It is also worth noting that Powell mentioned the importance of setting an example for successors, emphasizing the importance of maintaining political neutrality in central bank leadership. This view reflects the Fed's focus on institutional independence and decision-making objectivity, and also hints that future policy directions will continue this tradition.