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Charles Evans

How the market's turmoil could affect Fed's rate decisions

Wall Street has thrown a rather sour welcoming party for Jerome Powell.

On Monday, Powell's very first day as Federal Reserve chairman, the Dow Jones industrial average suffered its worst percentage drop since 2011. The selling has raged on in the days since, fueled partly by fear that higher inflation will lead the Fed to accelerate its interest rates hikes and weaken the economy and the stock market. On Thursday, the Dow plunged over 1,000 points, bringing the index's losses from its January highs to more than 10 percent.

All of which has left investors wondering what the Fed and its new leader might do now. Have they grown concerned about inflation? Will they step up...

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