US Fed Chief's speech causes market to crash
Edited By WION Video Desk
Published: Aug 29, 2022, 04:51 IST | Updated: Aug 29, 2022, 04:51 IST
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US Fed Chair Jerome Powell's speech at the Federal Reserve's annual forum has sent jitters to markets causing a crash. His announcement that interest rates would continue to rise and stay high cost America's richest people to lose close to 78 billion dollars.
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