Stocks Slide as Powell Flags Inflation Risk from Tariffs
U.S. markets plunged Wednesday as renewed tariff concerns rattled Wall Street. The concerns were fueled by Federal Reserve Chair Jerome Powell’s caution over potential inflation and slowing growth. Powell’s remarks came amid growing unease surrounding President Trump’s evolving trade policies. The S&P 500 dropped 2.2%, while the Dow Jones Industrial Average shed roughly 700 points,