Powell Says Fed Has the Ability to Watch and Be Patient on Rates

The transcript discusses the strong economic growth and labor market conditions, highlighting low unemployment and rising wages. It also addresses concerns in financial markets about global growth and trade risks. The speaker explains the current monetary policy approach, emphasizing patience and flexibility due to controlled inflation. Interest rate projections are discussed, noting that previous plans for rate increases are not currently in place. The overall strategy is to remain patient and observe economic developments before making further decisions.

What does the speaker suggest about the financial markets' view on global growth?

How does the speaker plan to approach the evolving economic situation?