Economists expect further price gains in coming months
The U.S. central bank also upgraded its growth and inflation forecasts
Financial markets rebounded following the central banker’s comments
The Fed chair’s comments are in contrast to the increasing optimism about an economic rebound
Anxiety over a double-dip recession is rising as economists look ahead to a "grim" winter
The spread of the coronavirus prompted the Fed to cut rates in an emergency move
The unexpected decline was influenced by weaker sales at gas stations
Powell may face challenges on future moves
But home prices rose at a slower pace in May
The president announced his planned nominations in a tweet on Tuesday