The almost forgotten reappearance of one phrase gives hope to those seeking a more cautious Fed in 2019.
The Fed's independence is seen as a pillar of the US financial system
Powell said that his expectations for domestic economic growth have increased since the beginning of the year
The collapse of US investment bank Lehman Brothers in 2008 sparked chaos across the global financial system giving rise to the concept of 'too big to fail' institutions
Analysts say this will be a bright spot for a dollar that has struggled for most of the year
As the engine behind the world's most important economy, the Fed's influence is hard to overstate
Donald Trump on Thursday nominated Powell to replace Janet Yellen when her term expires in early February.
Powell will replace current Fed Chair Janet Yellen
One of Powell's virtues for the job is that he understands markets
After months of public debate, analysts say Powell represented a middle-ground option for the President, who wanted to mark a departure from the Obama era
Powell, Yellen and Stanford University economist John Taylor are among those on the Republican president's short list