Fed Chair Jerome Powell has sketched out new conditions that could trigger rate cuts by summer’s end, but inflation remains a big question.

The Fed chief has repeatedly declined to say whether he will step down when his four-year term as chair expires in May, or remain on the Fed board.

Federal Reserve chief Jerome Powell on Tuesday said a good case could be made for cutting interest rates soon, but he said the Fed is holding off for now because of an expected increase in inflation from U.

U.S. stocks have recovered nearly all the losses from April’s lows with the S&P 500 and Nasdaq Composite just shy of new records. Federal Reserve Chairman Jerome Powell hints on interest rates as President Trump hurls more insults at the central banker.

If Gold price settles Tuesday above the 50-day SMA at $3,320, the turnaround could gather strength toward the 21-day SMA at $3,350. Further north, the 23.6% Fibo level of the same ascent at $3,377 will be challenged again. On the flip side, acceptance below $3,297, the 38.2% Fibo level will open the door toward the monthly lows of $3,248.

As President Donald Trump and his advisers begin weighing replacements for Federal Reserve Chair Jerome Powell, they’re running into one significant complication: It’s not clear that Powell ...