Startling Fed news sends stock market reeling
Federal Reserve Chairman Powell is stuck between a rock and a hard place.
The S&P 500 opened 2% lower on April 21 after finishing last week down 1.5%. Last week's losses disappointed investors who were hopeful that stocks could continue to build on a bounce-back rally that kicked off when President Trump paused most of the reciprocal tariffs for 90 days on April 9.
