Bank of Canada Governor Macklem: We believe the strength in the first quarter will continue throughout 2024.

Federal Reserve Chairman Powell: The Federal Reserve will strive to maintain a high degree of transparency and predictability.

Federal Reserve Chairman Powell: The current situation is not a standard case of inflation driven by overheated demand.

Federal Reserve Chairman Powell: The Federal Reserve knows that our decisions may affect countries around the world.

Bank of Canada Governor Macklem: Canada and the United States may have different monetary policies, but there are also limitations.

Bank of Canada Governor Macklem: Flexible exchange rate helps absorb differences between the United States and Canada.

Federal Reserve Chairman Powell: The Fed has learned lessons from the bank pressure at the beginning of last year; the supervision was not firm enough.

Federal Reserve Chairman Powell: If high inflation persists, the Fed can maintain current interest rates as long as necessary.

Spot gold fell $8 in the short term and is now trading at $2,387.95 an ounce.

The US dollar index DXY rose more than 10 points in the short term and is now at 106.43.

Federal Reserve Chairman Powell: Strong inflation last quarter has created new uncertainty about whether and when the Fed will be able to cut interest rates later this year.

Federal Reserve Chairman Powell: The Federal Reserve will review the framework based on the Canadian model.

On a potential release from the Strategic Petroleum Reserve (SPR), senior White House adviser John Podesta said the United States wants to ensure gasoline prices are reasonable.

The S&P 500 and Nasdaq 100 fell rapidly as Federal Reserve Chairman Powell spoke.

U.S. Treasury yields rose after Federal Reserve Chairman Jerome Powell spoke on inflation trends.