Jay Powell makes hawkish remarks and the indexes sink

[Mick]

Fed Chair Jay Powell indicated that a sustained period of below-average growth will be necessary to rein in inflation. Markets tumble.  Inventories rose, consumer spending rose just 0.1%, (less than anticipated).  Classic signs of slowed economy.

Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle – MarketWatch

[Legend]

Jay Powell has proven he will blow with the winds.  His hawkish comments are not worth much though the market seems to believe.

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Sic transit gloria mundi (so shut up and get back to work)

[Author]

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