(Reuters) – The New York Stock Exchange ended up on Friday after a speech by the President of the Federal Reserve (Fed) Jerome Powell saying that the American economy was “in a good situation”, while saying to remain attentive to the consequences of the policy led by Donald Trump.

The Dow Jones index won 0.52%, or 222.64 points, at 42,801.72 points. The larger Standard & Poor’s 500 took 31.68 points, or 0.55% to 5,770.20 points. The Nasdaq Composite advanced on its side of 126.97 points, or 0.70% to 18,196.221 points.

Jerome Powell said the central bank will not rush to lower its interest rates and wait to observe the consequences on the United States economy more clearly from the policies implemented by the administration of the new American president Donald Trump.

The markets were disrupted this week by customs duties imposed in Canada, Mexico and China.

Donald Trump announced Thursday to suspend the customs duties on Thursday, the customs duties that came into force two days earlier on imports from Mexico and Canada, provided that the products are from the trade agreement between the three countries.

Wall Street was down earlier in the day after the publication of employment figures by the Labor Department, reporting that the private sector created 151,000 jobs in February. If this number is higher than that of the previous month, during which the US economy created 125,000 jobs, it is nevertheless lower than the expectations of analysts, which were tabed on 160,000.

The unemployment rate was 4.1%, adding concern about the resilience of the American economy. Morgan Stanley and Goldman Sachs have gone down their prospect of growth in the American economy.

Jerome Powell stressed that the economy has created a “solid” number of 191,000 jobs per month since September.

“The new administration is in the process of implementing major political changes in four separate sectors: trade, immigration, budgetary policy and regulations,” Jerome Powell told New York’s speech to the economic forum of the Booth School of Business of the University of Chicago.

“Powell has clearly shown that he was going to stay focused on his goals and this is the thing he has to do,” said Adam Sarhan, 50 Park Investments in New York.

Following the publication of employment figures, traders have strengthened their expectations that the Central Bank will reduce loan costs in June, according to data compiled by LSEG.

At the values, Costco loses 6% after reporting Thursday of a profit per share lower than expectations in the second quarter.

Broadcom won 8.6% after its prospects for the second quarter reassured investors at the demand of semiconductors for artificial intelligence.

Hewlett Packard cedes 12% after declaring Thursday to anticipate a turnover lower than expectations in the second quarter, citing the potential impact of American customs duties on its segment.

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(Report by Zhifan Liu)

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