Investing Club: What the Club is watching Thursday — Powell speaks, McCormick warns, AEO bombs
What the Club is watching Sept. 8, 2022 Federal Reserve Chairman Jerome Powell spoke Thursday morning, saying central bankers need to keep at it when it comes to tightening monetary policy to fight inflation. The market basically felt they heard this before from Powell and stocks and bond yields did more much following his remarks. Stocks fell at the open as Wall Street weighed Powell's comments .
Federal Reserve Chairman Jerome Powell spoke Thursday morning, saying central bankers need to keep at it when it comes to tightening monetary policy to fight inflation. The market basically felt they heard this before from Powell and stocks and bond yields did more much following his remarks.
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