Federal Reserve Bank of Boston President Susan Collins reiterated her stance this week, emphasizing that rising job market risks necessitate further interest rate cuts. Meanwhile, Fed Chair Jerome Powell has signaled that the era of quantitative tightening could be coming to a close, reflecting broader uncertainty in the current economic climate.

Gold prices surged to a record high this week amid Federal Reserve concerns and expectations of an interest rate cut. The precious metal has climbed over 34% since the start of the year, underscoring heightened market anxieties.

Stephen Miran, President Trump’s choice for the Federal Reserve, is slated to appear before the Senate Banking Committee on September 4. The timing is critical, as the administration hopes to confirm him before the upcoming Federal Open Market Committee meeting on September 16 and 17.