Many private economists believe the Fed will raise rates again in June and will hike rates a total of three or four times this year. In his remarks, Powell said he did not dismiss the risks as the Fed, the European Central Bank and other major central banks raise rates. "Some investors and institutions may not be well positioned for a rise in interest rates, even one that markets broadly anticipate," he said. Bernanke and other Fed officials realized they had botched the communication of future Fed moves and since that time, Fed officials have been more cautious when commenting about future moves. In his remarks Tuesday, Powell indicated the Fed would seek to avoid repeating the 2013 mistake.

Source: ABC News May 08, 2018 07:18 UTC