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Dow Falls Nearly 600 Points As Fed Chair Powell Warns More Severe Rate Hikes On Deck

Por: Forbes Business March 08, 2023

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Updated Mar 7, 2023, 08:23pm ESTTopline Federal Reserve Chair Jerome Powell struck a more hawkish tune than expected during his semiannual report to Congress on Tuesday, saying the central bank will continue to up the temperature on what is already their most aggressive tightening campaign in decades. Powell takes the stand Tuesday.Getty Images Key Facts Powell’s to the Senate’s banking, housing and urban affairs committee was more hawkish... + full article



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