“Our economy is strong. Growth is running at a healthy clip. Unemployment is low, the number of people working is rising steadily, and wages are up. Inflation is low and stable. All of these are very good signs.”

When asked if he is influenced by political criticism by president Trump, Federal Reserve Chairman Jerome Powell said that, "We don't consider political factors or things like that. That's who we are. That's what we do.

As traders await the conclusion of this month’s FOMC meeting, they will listen intently to the monetary policy statement released at the conclusion tomorrow.