Employment data showed the USA added 312,000 jobs in December, much above analyst expectations, strengthening the case of those who have argued that markets have overreacted to signs that U.S. growth may have peaked.
"Despite this dovish tone, we are sceptical", Schenker said in a note.
Powell "said exactly what the markets wanted to hear", said Gregori Volokhine of Meeschaert Financial Services.
Speaking after months of volatility in world bond and stock markets, Powell avoided some of the communication missteps that in the past have roiled rather than calmed investors.
He has blamed the Fed for stock market declines and said he is "not even a little bit happy" with Mr Powell, whom he named to lead the Fed in 2017.
That robust figure, however, will not as of now change the Fed's plan to conduct two rate hikes this year, as the central bank awaits more economic indicators coming in the next few months.
The tech-heavy Cheddar 50 Index, which measures the performance of Cheddar's 50 top companies ー from Apple ($AAPL) to GM ($GM) ー gained 5.4 percent on Friday, amid broader market gains.
At the same time, he reassured investors of the Fed's flexibility. Stocks have been pressured since mid-December when the Fed raised its benchmark interest rate a quarter-point while issuing a somewhat-hawkish statement despite lowering its rate hike projections from three to two.
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In December, Powell said that the Fed's balance sheet reduction was on "autopilot". Powell said last week he wouldn't resign if the president asked him to step down.
The head of the Fed, once confirmed by the Senate, can only be removed "for cause", not a policy disagreement.
He also defended his independence, saying he would not resign if requested Donald Trump asked. "We're always prepared to shift the stance of policy and to shift it significantly if necessary".
"We're listening with - sensitively to the message that markets are sending and we'll be taking those downside risks into account as we make policy going forward".
"I found it actually quite surprising how benign markets were for such a long time, despite the risks of trade wars and other things that were going on", Bernanke said in an observation that's shared privately by some Fed officials.
A strong jobs report from the Bureau of Labor Statistics also likely quelled some fears that the U.S.is part of a broader economic deceleration.
The Fed's tightening cycle includes both rate hikes and the gradual shedding of its more than $4 trillion in assets.
Asked if any future meeting with Trump was scheduled, Powell said, "I have no news on that".