Powell sends cautious message to markets
Bernanke says he and Yellen “very lucky” to have served under presidents who respected Fed independence
Federal Reserve chairman Jerome Powell eased investor concerns on January 4, saying the US central bank is aware of the downside risks, and is prepared to react “quickly and flexibly”.
“We will be patient as we watch to see how the economy evolves, but we are always prepared to shift the stance of policy, and shift it significantly if necessary,” Powell said in a panel discussion at the American Economic Association in Atlanta.
Speaking on the panel alongside former chairs Janet Yellen and Ben
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