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08
Feb 2026
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USA: Gold and silver prices plummet after Kevin Wears is chosen to lead the Fed

The markets believe that a more conventional candidate

Trump nominates Kevin Wears for Fed chairman

Former U.S. President Donald Trump announced in a social media post that he is proposing Kevin Warsh for the position of Chair of the Board of Governors of the Federal Reserve

USA: Inflation at 2.4% in May – Trump calls on the Fed to cut interest rates

"The Fed should cut them by a full point -We will pay much less interest on the outstanding debt. It's that important!" wrote Trump on the Truth Social platform

Trump again calls on the Fed chairman to cut interest rates

"Europe has cut the interest rate nine times," Trump said in a post on his Truth Social network

ECB is ready to proceed with a new interest rate cut

The ECB is expected to cut interest rates on Thursday by 25 basis points - A few days later the Fed will follow suit

The Bank of Japan raised interest rates shortly before the Fed’s decision

Both the Yen and stock prices were bumpy immediately after the decision to raise the interest rate to 0.25%

Fed: Expected to leave interest rates unchanged – Interest in “signals” for a cut in September

The markets will look to the statements following the meeting for the data that will show the Fed's intentions

Turkey held talks with US on possible Fed swap line

The Fed did not immediately comment

Turkey withdrew gold from Fed amid crisis

What are they up to?

Deutsche Bank fined for currency manipulation

US FED imposes fines

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