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Stock market drops after Fed Chair Powell's Jackson Hole speech

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Stock market drops after Fed Chair Powell's Jackson Hole speech

Stock market drops after Fed Chair Powell's Jackson Hole speech 150 150 admin

The Dow Jones Industrial Average fell more than 1,000 points Friday after Federal Reserve Chair Jerome Powell said the Fed will continue raising interest rates to tame inflation. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News’ Catherine Herridge to discuss.
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