"There's a couple of other people there that I'm not so happy with, too, but for the most part, I'm very happy with people".
United States central bankers see no reason to pause the current course of gradual rate hikes that have infuriated President Donald Trump and some even say the Federal Reserve may soon need to slow the economy, according to meeting minutes released Wednesday.
Instead, some members of the committee believed that the Fed would need to impose "modestly restrictive" conditions on the economy, the minutes show.
Every policymaker backed the Fed's September rate increase, according to the minutes of the Sept. 25-26 meeting, published Wednesday.
USA says it will stop Canadian pot businessmen at border
As Canada welcomes legalization, supply shortages could develop, as happened in some US states when legalization arrived. However, the declines only brought most of the stocks to their lowest levels in a week.
Trump's comments Tuesday came on a day when the stock market staged an enormous comeback - its biggest one-day rally in six months - on the strength of healthy earnings from financial and health care companies and encouraging reports on the economy. Analysts have pointed to rising interest rates, which can make stocks a less attractive investment.
In February, Trump tapped Powell, then a member of the Fed's board, to become chairman after he had decided not to offer Yellen a second four-year term. At that point, the policy rate would be at 3.4 percent, according to the median of Fed officials' individual forecasts. The central bank has raised its key policy rate three times this year and is expected to do so again before year's end. That would put it above the 3 percent level which the Fed now pegs as its "neutral rate".
The minutes showed that officials were generally pleased with how the economy is unfolding this year, with strong job growth and inflation hovering near the Fed's 2 percent goal.
Some investors say that, after years of easy money, pockets of risk have built up throughout the global economy as borrowing costs begin to increase - raising the chances that a bubble could burst or banks could see significant defaults on debt.
The minutes did note concerns about the impact of Trump's get-tough trade policies, citing business contacts who expressed worries about lost markets and rising prices for steel and aluminum.