scorecardresearch‘A Lot of Red’: Powell’s Hawkish Pivot to Roil Asian Market Open

‘A Lot of Red’: Powell’s Hawkish Pivot to Roil Asian Market Open

Updated: 28 Aug 2022, 11:47 AM IST
TL;DR.
Losses loom for Asia’s stock market on Monday as investors absorb Federal Reserve Chair Jerome Powell’s stern message that interest rates are going higher for longer in a painful fight against inflation.
Federal Reserve Chair Jerome Powell, center, takes a coffee break with attendees of the central bank's annual symposium at Jackson Lake Lodge in Grand Teton National Park Friday, Aug. 26, 2022. in Moran, Wyo. (AP Photo/Amber Baesler)

Federal Reserve Chair Jerome Powell, center, takes a coffee break with attendees of the central bank's annual symposium at Jackson Lake Lodge in Grand Teton National Park Friday, Aug. 26, 2022. in Moran, Wyo. (AP Photo/Amber Baesler)