Dow falls nearly 300 points as Powell fails to calm rate-hike concerns

[ffr]

U.S. stock-market indexes traded lower after Federal Reserve Chairman Jerome Powell highlighted the strengthening economy during his testimony in front of lawmakers, with investors growing concerned that the Fed will be more aggressive in its tightening policy.

“We’ve seen continuing strength in the labor market. We’ve seen some data that will, in my case, add some confidence to my view that inflation is moving up to target. We’ve also seen continued strength around the globe, and we’ve seen fiscal policy become more stimulative,” Powell said. - Marketwatch

[lpbk2713]

1. Be prepared.

Every time the DJIA takes a dive Trump's minions say he is looking to the "long term".

Any other time "he is great for the economy".