Stock market drops after Fed Chair Powell’s Jackson Hole speech

FAN Editor 2 years ago

Stock market drops after Fed Chair Powell’s Jackson Hole speech – CBS News

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The Dow Jones Industrial Average fell more than 1,000 points Friday after Federal Reserve Chair Jerome Powell said the Fed will continue raising interest rates to tame inflation. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News’ Catherine Herridge to discuss.

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