What were levels ahead of the Fed Chair Press conference. U.S. StocksDow Jones: 51,957.19 (-795.10, -1.51%)S&P 500: 7,392.95 (-35.82, -0.48%)Nasdaq Composite: 24,798.83 (-87.08, -0.35%)Russell 2000: 2,924.86 (-28.94, -0.98%)Nasdaq 100: 27,605.74 (-157.40, -0.57%)U.S. Treasury Yields2-Year: 4.2706% (-0.64 bps)3-Year: 4.3095% (+0.65 bps)5-Year: 4.3820% (+2.10 bps)7-Year: 4.5048% (+2.48 bps)10-Year: 4.6366% (+3.26 bps)20-Year: 5.1554% (+4.14 bps)30-Year: 5.1534% (+3.94 bps)Commodities & BitcoinWTI Crude Oil: $84.44 (+$5.32, +6.72%)Gold: $4,065.07 (+$36.77, +0.91%)Silver: $58.1162 (+$1.0072, +1.76%)Bitcoin: $64,012 (+161, +0.25%)Market Snapshot:Ahead of Kevin Warsh's first Fed press conference, equities remained under pressure, led by a sharp 1.5% decline in the Dow. Treasury yields were mixed, with the curve steepening as longer-dated yields moved higher. Meanwhile, oil surged nearly 7% and precious metals advanced, reflecting heightened geopolitical concerns and inflation uncertainty going into the Fed Chair's remarks.Prepared comments from Fed Chair:Discussion was collegialThe economy is showing impressive resilience even with the recent shocksthe committee remains resolute to deliver price stability. The committee is a steering clear of forecastingthe 5 years of high inflation has left an impression that is hard to shake that Fed's implicit price target was above 2%.Says that there is no soft target only one target and its 2%.Inflation cannot be cured in 9 weeks. There was nothing in there about our discussions or strategyNominal and real yields are material highersome of the increases between FOMC meetings are among the most significant in decades.Markets are paying attention to the ball and not the referee.Markets will continue to respond in direction and magnitude as they see fit.The most striking feature is the strong growth in investment. Investment is helping to maintain the growth and laying the groundwork for future growth. This article was written by Greg Michalowski at investinglive.com.