Story perspectives

Powell's Reassurance Fails to Stop S&P 500 Slide

4/4/2025

22 5

Summary

Story summary

Federal Reserve Chairman Jerome Powell reassured that the economy is stable, even amid the looming threat of Trump tariffs. He emphasized a cautious approach from policymakers, yet his words couldn't halt the S&P 500's slide deeper into correction territory, heightening anxiety across Wall Street.

1 of 1

Story summary

Federal Reserve Chairman Jerome Powell reassured that the economy is stable, even amid the looming threat of Trump tariffs. He emphasized a cautious approach from policymakers, yet his words couldn't halt the S&P 500's slide deeper into correction territory, heightening anxiety across Wall Street.