The Fed won’t intervene in a stock market plummet, Powell said.
President Trump’s tariff policy has sent the stock and bond markets on a whiplash-inducing ride this month. Powell said he wasn’t overly concerned and that markets are “doing what they’re supposed to do,” given the challenging conditions they’re operating in.
“They’re orderly, and they’re functioning just about as you would expect them to function,” he added.
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