Market Strategist Talks President Trump's Impact on Markets

Federal Reserve Chairman Jerome Powell has told Congress that the central bank will not begin raising interest rates until it believes its goals on maximum employment and inflation have been reached.

Stocks closed Friday's session near session highs, with the Dow, S&P and Nasdaq all snapping three-day losing streaks during a volatile session. Ross Mayfield, Investment Strategy Analyst at Baird, says that rates are guiding the markets in a variety of ways.

Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.