Joshua Roberts/Reuters
- US stocks rose in a volatile trading session on Tuesday after Powell reiterated that inflation was falling.
- Investors also shrugged off Powell's warning that interest rates could rise, with all three stock indexes ending the day higher.
- The Fed chair said last week the economy was beginning to see disinflation.
US stocks moved upwards in a volatile trading session on Tuesday as Fed Chair Jerome Powell reiterated his view that inflation was falling.
Stocks jumped shortly after the remarks at the Economic Club of Washington, but then fell mid-afternoon as he warned interest rates would likely rise higher. Stocks then whipsawed before the end of the day, with all three benchmark indexes finishing solidly in positive territory.