Jerome Powells speech caused markets to crash and wealthy to lose $1.4 Trillion

[Saltwater60]

Wow. That means this guy has too much power. I wonder if this is how they will bash the wealthy into getting on their side.

Powell’s 8-Minute Speech Erases $78 Billion From Richest Americans

In the span of just eight minutes, Federal Reserve Chair Jerome Powell sparked a market rout that slashed the fortunes of America’s richest people by $78 billion.

www.bloomberg.com

 

[tirwin1]

I'd gladly pay him 10% of the dollars I lost in my 401k just to keep his mouth shut.

 

[Catskillkid]

Markets should've tank because one person makes a speech. Just goes to show how volatile our current economic situation is.

If you have some spare cash stock up on the triple B's: Beans, Band-Aids, and Bullets.