``We are not, and will not be, a 'climate policymaker,''' the Fed chair said at a conference
U.S. unemployment at 53-year low of 3.5%, wage growth at 4.6% in December
Risks remained that inflation could stay higher than expected
A jump in layoffs and unemployment claims would be an early sign of recession
Key rate range could top 5% in 2023
Wall Street welcomed the better-than-expected data as support for the Fed to slow rate hikes
The Fed is expected Wednesday to raise its benchmark short-term rate for a seventh time this year
Jobless rate at 53-year-low of 3.7%, markets alarmed
A smaller December hike shouldn't be taken as a sign the Fed will let up on its inflation fight anytime soon
James Bullard is a voting member of the Federal Reserve's rate-setting committee