inflation factors
Federal Reserve Chair Jerome Powell declined to comment on the prices of gold and Bitcoin, emphasizing that inflation is influenced by fundamental supply and demand factors. During a recent discussion, Powell reiterated his stance on inflation, suggesting it is primarily driven by these basic economic principles rather than speculative assets. He indicated that the dynamics of supply and demand play a crucial role in shaping inflationary trends. Powell’s remarks come amid ongoing debates about the impact of cryptocurrencies and precious metals on the economy. He did not provide specific insights into how these assets might affect inflation or monetary policy.
