Dow sinks 1,000 points, Fed’s Powell warns on economic pain ahead

  • Dow sinks 1,000 points, Fed's Powell warns on economic pain ahead

    U.S. stocks saw a sharp selloff on Friday with the Dow Jones Industrial Average touching a 1,000+ point drop before closing down XXX points. The S&P 500 and the Nasdaq Composite shed over 3%. Federal Reserve Chairman Jerome Powell delivered a warning about the health of economy with interest rates expected to rise even further as policymakers try to tame red hot inflation.

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