JACKSON HOLE, Wyo.- Federal Reserve Chair Jerome Powell delivered a stark warning Friday about the Fed's determination to fight inflation with more sharp interest rate hikes: It will likely cause pain for Americans in the form of a weaker economy and job losses. The message landed with a thud on Wall Street, sending the Dow Jones Industrial Average down more than…
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100 basis point Fed hike expected this year
Dow plunges after Powell says rates will stay high
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