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    Fed chief tells investors what they want to hear: The central bank will be 'patient' on more rate hikes

    by Don Lee, Los Angeles Times Jan 04, 2019 3 minutes

    WASHINGTON - Despite the latest jobs report indicating the U.S. economy remains on solid footing, Federal Reserve Chairman Jerome H. Powell gave anxious financial markets some additional reassurance on Friday. Powell said the Fed would be "patient" to see how the economy develops before policymakers raised interest rates further.

    News Friday that the economy added a robust 312,000 jobs last month was perhaps vindication for Powell and the Fed, which took heat from investors and President Trump for raising interest rates last month amid turmoil

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