Powell reiterated the views of other policymakers that the Fed would be patient about interest rate hikes.
"If the economy slowed down more than we thought, or the inflation outlook deteriorated more than I'm suggesting here, there might be grounds for a little bit lower (federal funds) rate in that scenario", Bullard said. "We're waiting and watching". The Fed's communications - and a Bloomberg News report that President Donald Trump had discussed firing Powell - helping bring on the worst December for stocks since the Great Depression. However, many economists believe the Fed may end up raising rates only once in 2019, and that solo rate hike may not occur until the middle of the year.
Speaking to an audience in Washington, D.C, Powell delivered the same reassuring message that bolstered markets last Friday.
After four rate hikes a year ago, the Fed would be "bordering on going too far and possibly tipping the economy into recession" if rates go higher, Bullard said, adding that he would be willing to cut interest rates if needed. He said the Fed's aim was to return the balance sheet to a "more normal level" but didn't specify what that level will be.
Fed Chairman Jerome Powell last week opened the door to a pause in rate increases, pledging to be patient with any future rate hikes as officials take their cues from the economy's performance.
In his remarks before the Economic Club of Washington, Powell described the economy as strong at the end of a year ago, with the lowest unemployment levels in a half-century and solid gains in wages. The partial government shutdown is unlikely to leave a mark on the economy in the short term, though the Fed will have a less clear picture of growth without data from the Commerce Department, which releases figures including retail sales and gross domestic product.
The S&P 500 is up over 10 percent from a 20-month low it touched around Christmas, lifted by hopes for a US-Chinese trade deal, which eased some worries over the impact of the dispute on global growth.
"We are in a place where we can be patient and flexible and see what does evolve", Powell said. Rubenstein also hosts an interview show on Bloomberg Television.
"We are very focused on our job", Powell said. Fed chairs have met with presidents in the past, he added.
The Fed raised rates for a fourth time in 2018 at its December meeting and signaled that it would raise rates another two times in 2019. "The US economy is solid". Financial markets are incorporating a variety of risks to the outlook, ranging from slowing global growth to the potential for a protracted trade war with China.
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To find that out, researchers would have to follow the same people over time and record changes in body weight and brain volume. Lower brain volume, or brain shrinkage , has been linked with an increased risk of memory decline and dementia .
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The Punisher Season 2 Official Trailer
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AFC Asian Cup 2019, India vs UAE, Highlights
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