Wall Street sinks as Powell's speech spooks investors
August 27, 2022
Wall Street slumped on Friday to close well down, as investors keen for a more modest interest rate path were disappointed by Federal Reserve Chief Jerome Powell, who said the central bank would keep hiking rates to tame inflation. This report produced by Chris Dignam.
Source:
https://www.reuters.com/video/watch/wall-street-sinks-as-powells-speech-spoo-idOV096626082022RP1
https://www.youtube.com/watch?v=RTpPj-ylkhE&ab_channel=Reuters
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