Jerome Powell’s comments sent shockwaves through the stock market, cautioning that the Federal Reserve remains committed to tackling inflation despite its impact on risk assets. This marked a departure from investor expectations following President Donald Trump’s introduction of tariffs on multiple countries. The Fed chair’s words came after two weeks of volatility and were accompanied by a significant one-day rally since 2008.
Source: https://www.bloomberg.com/news/articles/2025-04-16/fed-s-powell-to-volatile-stock-market-you-re-on-your-own