U.S. stocks closed near their session highs on Friday after Federal Reserve chairman, Jerome Powell, signaled the U.S. Central Bank could slow the pace of rate hikes in the near future. The Dow Jones Industrial Average jumped 2.18%, the S&P 500 grew by 3.09%, and the NASDAQ Composite added 4.41%. Lisa Erickson, Senior Vice President and Head of the Public Markets Group for U.S. Bank Wealth Management, joined Cheddar News' Closing Bell to discuss.