Fed’s Jerome Powell briefly unsettles markets, again

Washington: Already-jittery US stock markets temporarily shot lower on Thursday following another remark from Federal Reserve Chairman Jerome Powell. The central bank chief has been unusually outspoken in recent weeks with comments that seemed to be geared at calming nervous investors but an offhand comment at an event Thursday had the opposite effect. On Wall Street, after five days of gains, the benchmark Dow Jones Industrial Average briefly dropped more than 250 points from the day’s high. (AFP)