Clarida is the latest US central banker to refine the Fed's monetary message after the hawkish tone of their December 19 statement and forecasts for further rate hikes in 2019 roiled financial markets. Powell and several other Fed officials have recently begun stressing the idea that the Fed can afford to be "patient" when it comes to raising rates because inflation is so low. Markets have expressed concerns that the Fed's operations to reduce the balance sheet could be depressing the markets and ultimately slow growth.
The central bank's vice chairman, Richard Clarida, said later on Thursday that if the global slowdown and tightening of financial markets persists, the Fed would take policy steps to offset that. Rubenstein also hosts an interview show on Bloomberg Television.
While he has near weekly meetings with Treasury Secretary Steven Mnuchin, Powell said he has not met with Trump since taking over as Fed chairman, nor does he have any meetings with the president scheduled.
The Fed's favorite inflation gauge, the personal consumption expenditures price index, clocked in at a 1.8 percent year-over-year rate in November. The unemployment rate stands at 3.9 per cent and central bankers expect it to average 3.5 per cent in the final three months of this year.
After four rate hikes past year, 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. 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.
Still time to get flu shots: Sherlock
According to the American Lung Association, this respiratory illness affects 5% to 20% of the United States population each year. However, children, pregnant women, the elderly, and people suffering with certain diseases are most at risk.
Police Seek DNA Where Comatose Woman Gave Birth
The woman is a member of the San Carlos Apache Tribe and has always been in a vegetative state, the tribe's chairman said Tuesday. The now-former CEO of Hacienda HealthCare, Bill Timmons , has also stayed silent about exactly what he knew and when he knew it.