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

Saturday, August 27th 2022, 6:56:32 pm
article
(FOX BUSINESS) – 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…

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