If the stock market plummets, will you intervene? Here's why Fed's Powell gave a strong 'No'
- Posted on April 17, 2025
- By Business News Today
- 1 Views
If the stock market plummets, will you intervene? Here's why Fed's Powell gave a strong 'No'
Jerome Powell dismissed hopes of Fed intervention amid market turmoil, calling volatility a normal response to uncertainty. His comments triggered a market crash, with Nasdaq down 3% and Nvidia plunging 7%, as Trump renewed calls for rate cuts.
