Home United States USA — Financial Stocks crater after Fed Chair Powell's sobering prediction on inflation, economy

Stocks crater after Fed Chair Powell's sobering prediction on inflation, economy

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Stock investors took a beating on Friday after Federal Reserve Chairman Jerome Powell warned of rocky times ahead for the U.S. economy in the fight against inflation.
« There will very likely be some softening of labor market conditions, while higher interest rates, slower growth, and softer labor market conditions will bring down inflation.

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