"Markets are struggling with a lot of uncertainty and that means volatility," Powell said on Wednesday. Still, he added, the volatility reflected the significance of the policy changes, rather than abnormal behavior in the markets.
"They're functioning just about as you'd expect them to function," Powell said.
Source: ABC News.
Glad there is a man in power who follows price mechanism for the benefit of all and not his own whims and wishes for the benefit of a few.