Jerome Powell Deliberately Crushed the Market Rally — Selloff to Continue?
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The US stock market took a dramatic drop on Friday, with the S&P 500 falling 3.37% and leading tech stocks like Nvidia and Google plummeting. Fed Chairman Jerome Powell’s remarks on inflation and interest rates are seen as a primary cause of the sell-off. Powell warned of potential pain ahead as the Fed continues to raise interest rates to combat inflation. Low unemployment rates, which the Fed considers a national security issue, are also fueling concerns. The author believes that the Fed should consider the impact of inflation on national security and the economy, and may need to adjust its policy accordingly.
Fed Chairman Jerome Powell spoke and the Stock Market on Friday reacted. Will the huge sell-off we saw on Friday continue in to …
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