Power Breakfast: Fed Chairman said "It is most important to bring inflation under control"
Zee Business Video Team | Updated: April 22, 2022 10:04 AM IST
Federal Reserve Chair Jerome Powell said the Fed must move faster than ever to tackle inflation, suggesting sharp interest rate hikes are likely in the coming months. Meanwhile, the Dow Jones closed at the day's low, down 370 points. The Nasdaq fell 2% as IT stocks fell sharply. The 10-year bond yield has risen to close to 3%. Tesla jumps 3.2% on results, airline shares climb. Netflix falls 3.5% after 35% drop yesterday.
