Powell: Fed ‘will be patient’ as it mulls more rate hikes, boosting stocks

Federal Reserve Chairman Jerome Powell said Friday the central bank “will be patient” as it weighs future interest rate hikes in light of low inflation, adding that policymakers will also take into account recent stock market volatility.

Powell seemed to deliberately convey a more cautious approach to rate hikes this year than he did during a news conference last month after the Fed raised rates for a fourth time in 2018.

Paul Davidson | USA TODAY

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