Stocks Battle Back As Fed's Powell Eases Inflation, Economy Concerns
By Staff Reporter
Posted on 02/23/21
| News Source: FOX Business
U.S.
equity markets staged a dramatic comeback Tuesday with the Dow Jones Industrial Average ending just shy of a record high after
Federal Reserve Chairman Jerome Powell reassured investors the central bank would continue to support the economy and that inflation would remain in control.
Powell told members of the Senate Banking Committee that the Fed would continue its asset purchases even as the economy improves. He also said that the recent rise in bond yields was a sign of investor optimism and not a result of inflation fears. Read more at
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