“I think the markets are pricing in downside risks, is what they’re doing,” Mr. Powell said at a panel discussion at an annual meeting of economists here. “They’re well ahead of the data.” But, he added, “We’re listening carefully to that. That has sent markets swooning, as many analysts and economists fret that the Fed could snuff out the economic expansion. Mr. Powell, acknowledging those concerns, said the Fed would be prepared to adjust if economic conditions warrant. “We’re always prepared to shift,” Mr. Powell said, adding the Fed could shift “significantly” if necessary.

Source: New York Times January 04, 2019 15:38 UTC