The Dow Jones industrial average closed up more than 600 points, or 2.6 percent, Wednesday.
He offered nothing to dispel market expectations of another rate increase at the Fed's policy meeting on December 18-19.
The minutes did raise a number of worries about Trump's get-tough trade policies, which have levied tariffs on billions of dollars worth of imports from China and other countries and prompted retaliation against US products.
Powell said in a speech in NY that interest rates remained "low by historical standards" and still provided stimulus to the economy.
That contrasted with a remark Powell made in October that the Fed's policy rate was still well below neutral.
The speech was focused on stability in the financial system, and Powell cited four potential vulnerabilities for the economy, including excessive leverage and debt loads in some sectors. "From the financial stability perspective, however, today we do not see unsafe excesses in the stock market". But some economists say three rate increases for next year are beginning to look less certain.
The central bank's rate increases have gradually raised borrowing costs for consumers and businesses. The markets interpreted this as a signal that interest rate hikes were coming to an end and responded accordingly.
Divisive race ends with Republican Hyde-Smith victory
The runoff was rocked by a video showing her praise a supporter by saying she'd attend a " public hanging " if he invited her. In a statement Tuesday night, Espy, an African American politician, said the election is "the beginning, not the end".
The Post said he blamed the Fed for the recent stock market sell-off and General Motors' plans to close plants and cut more than 14,000 jobs.
Those comments followed a series of public attacks on the chairman of the Fed, a position that, while appointed by the president, is supposed to enjoy political independence. On this count the market speaks loud and clear - Powell blinked and the Fed will be sensitive to market swings going forward.
The central bank chief said his colleagues and many other economists "are forecasting continued solid growth, low unemployment and inflation near 2 per cent".
His shift follows criticism from US President Donald Trump who nominated him for the role a year ago. Tiffany skidded 11.8 percent after it said foreign tourists, especially from China, didn't spend as much at its stores in its latest quarter. The courts ruled decades ago that "for cause" meant more than a policy disagreement with the president.
"Even if central bank policies are fully anticipated by the public, some adjustments could occur abruptly, contributing to volatility in domestic and worldwide financial markets and strains in institutions", according to the Fed report.
In his speech Wednesday, Powell spoke directly to the stock market volatility and somewhat downplayed the recent action. The Fed has raised rates three times this year.
The Fed takes equally seriously the risks of hiking too quickly and shortening the economic expansion, and on the other hand of hiking too slowly and prompting higher inflation or financial instability, Powell said. On October 2, in a question-and-answer session on PBS, he said "extremely accommodative" interest rates had been needed in the past but they were "not appropriate anymore".
ANALYST'S COMMENT: The mix of Powell's and Lighthizer's comments indicate "it's far too early to suggest that a Santa Claus rally is in the cards", said Stephen Innes of currency trader OANDA in a report.
Last month, US State Secretary Mike Pompeo's planned meeting with a senior North Korean official was canceled at the last minute. Most North Koreans choose to flee across China, which shares a 100-kilometer land border with North Korea.
Positive not only that the increase in case numbers in 2017 was as strong as in the previous year, according to the Report. The PHE estimates suggest the United Kingdom hit the target a year ago , with levels of 92%, 98% and 97% respectively.
Alternatively, if you're starting up Fi on your current phone, the company will give you $200 in service credit upon joining. Since Project Fi needs unique software in order to work, it has only been available on a handful of Android phones.
Canada's last tournament win was in France in May 2016 when it beat Australia 29-19 at the final stop of the 2015-16 season. Ombachi then responded for Kenya by scoring a brace before Olindi completed the comeback with a try of his own.
Getting excited for Christmas time because they've started all their Christmas songs and Christmas trees are going up and stuff. Asked if she's excited about Meghan's pregnancy , she told a well-wisher in Leicester: "Yeah, absolutely".
The Alabama Crimson Tide came back from a 14-point deficit to knock off Georgia Saturday, by a score of 35-28. The line dropped down to Alabama -6 over Clemson on Saturday at the SuperBook. "And we saw that yesterday".
Bush Sr. served two years as Ronald Reagan's vice president before upgrading to the most powerful position in the government. In April, he was admitted to Houston Methodist Hospital , a day after a funeral was held for his wife, Barbara Bush .
The document does not identify "Individual 1", but according to people familiar with the case, that person is President Trump. Trump revived the idea in 2013 during his visit to Moscow as owner of the Miss Universe pageant.
Trump said Thursday he cancelled the meeting due to Russia's aggression with Ukrainian ships and crews last weekend. She added this is enshrined in a 2003 treaty and Russian Federation must stick to that.
The country's resilience is often credited to low oil production costs and a weakening rouble which allows for attractive exports. However, US President Donald Trump has called for refraining from output reductions and help to lower oil prices further.
Here's how:Conditions are expected to turn wet and windy from Tuesday afternoon, with the storm officially arriving on Wednesday. John Hammond of weathertrending said: "Computer forecasts show a revved-up jet stream sweeping away high pressure".
A close look at Trump's claims on trade deal
Trump faces a series of diplomatic challenges over the weekend, most notably whether he can strike an agreement with Xi. The new agreement must be ratified by the parliaments in each of the three countries in order to take effect.
Powell hints at slower rate-hike pace
Some members noted the further appreciation of the USA greenback could also pose as a downside risk to the economy. "The market has already priced in 10 out of the 12 rate hikes that we expect".
CAF: Cameroon won’t host 2019 African cup of nations tourney
Countries like South Africa and Morocco have shown interest in hosting the tournament which is expected to start in June 2019. Morocco , who were unsuccessful in their bid for the 2026 Fifa World Cup, are most likely to replace Cameroon as hosts.
TMZ releases video of Chiefs RB Kareem Hunt attacking a woman
Hunt spoke of this incident at training camp in August, along with another incident in which he was accused of punching a man. As shown in the video embedded below, Hunt pushes the woman in the lobby and later kicks her while she is on the ground.