Stocks rose even further after Federal Reserve Chairman Jerome Powell said the central bank would be flexible in deciding if and when it would raise interest rates. He added that the Fed was open to making changes in the way it shrinks its giant portfolio of bonds. Recently, investors were rattled when Powell seemed to suggest the Fed was intent on raising rates further after gradual increases over the last three years. He also implied the Fed didn’t plan to make changes to the runoff of the bond portfolio.

Source: Los Angeles Times January 04, 2019 15:00 UTC