Fed chair Jerome Powell to speak on market concerns Thursday

Is it time to invest in gold

James Bullard, president of the St Louis Federal Reserve Bank, one of 12 in the Fed system and a voting member of the policy committee this year, called the current interest rate "a good level", in an interview with the Wall Street Journal.

However, Fed had lowered the growth forecast of the U.S. economy to 2.3 percent during the latest rate hike in December.

At the same time, Fed officials don't want to give the impression they think the US economy is vulnerable.

Investors will be looking for new clues on USA interest rate policy when Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Washington on Thursday afternoon.

Starting after the January 30 announcement, Powell will hold a press conference after every meeting, rather than just four times a year, giving him many more opportunities to try to communicate with financial markets.

Friday's report showed shelter costs, which account for one- third of the CPI, rose 0.3 percent for a second month.

"There is no such plan", Powell said.

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It did say that the beta testing would begin previous year , however, so we're hopeful that it won't be too much longer to wait. Google Assistant may be quite common today on Android phones but that isn't stopping Google from making it more accessible.

St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore, Oct. 8, 2018. "That was conditional on a very strong outlook for 2019", which may or may not materialize, with the Fed adjusting policy accordingly.

While growth is widely expected to slow this year from last year's roughly 3% expansion, Mr. Clarida said that the economy will likely continue expanding faster than its long-term trend in 2019.

"There is no pre-set path for rates. particularly now", he said.

While most previous shutdowns have been fairly short and have not affected the economy in the aggregate, Powell said, "if we have an extended shutdown, I think that would show up in the data pretty clearly". If global growth slows more, "I can assure you.we can flexibly and quickly move policy, and we can do so significantly if that's appropriate", he added.

Despite his largely upbeat view on the U.S. economy, and clear signals the Fed will be patient about raising interest rates any higher - statements that helped equities to recovery - markets focused on those two words.

The partial government shutdown is unlikely to leave a mark on the economy in the short term, though the Fed will have a less clear picture of growth without data from the Commerce Department, which releases figures including retail sales and gross domestic product.

Following a bout of heightened volatility in financial markets in recent weeks, central bankers are now taking pains to assure investors that they aren't in a hurry to lift rates further.

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