Powell

Powell comments fuel 1,000-point market rout Friday as stocks slide for a second week

Dow closes down more than 1,000 points FridayThe Dow Jones Industrial Average dropped 1,008.38 points, or 3.03%, to 32,283.40, after accelerating losses into the close. The S&P 500 fell 3.37% to 4,057.66, and the Nasdaq Composite…

Wall St falls after Powell warns of tight policy, slow growth

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterFed will keep tightening until…

In Jackson Hole, Powell faces soaring inflation and a major Fed test

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Comment on this storyCommentFor months, the Federal Reserve has been under growing pressure to control inflation without jerking the economy into a recession. On Friday, Chair Jerome H. Powell will map out his plan for how the central…

Futures: Market Fears This From Fed’s Powell

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Dow Jones futures fell slightly Friday morning, along with S&P 500 futures and Nasdaq futures, with Fed chief Jerome Powell set to give his much-anticipated Jackson Hole policy speech shortly after the opening bell. X The…

Can Jay Powell stick the landing?

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This is an audio transcript of the FT News Briefing podcast episode: Can Jay Powell stick the landing?Jess SmithGood morning from the Financial Times. Today is Thursday, August 25th, and this is your FT News Briefing.Hedge funds…