SPDR S&P 500 (SPY): It seems Powell is talking the same thin...

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Thursday, 01/10/2019 1:02:11 PM

Thursday, January 10, 2019 1:02:11 PM

It seems Powell is talking the same thing again

12:48 pm: Powell describes the labor market as "very strong," but acknowledges the market turmoil.

"Financial markets are expressing a view of concern about downside risks associated with global growth and with trade," Powell said.

Asked if the Fed still plans two rate hikes, Powell emphasized there is not on a set course.

"We're in a place where we can be patient and flexible," he said. "We're waiting and watching."

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