Published on 30 Nov 2021 on Market Watch
These are Wall Street's 20 favorite stocks as the Fed's Powell jolts the market with taper talk
Investors unloaded stocks Tuesday after Federal Reserve Chairman Jerome Powell said it’s possible the central bank will remove stimulus faster than originally planned.
Powell, along with Treasury Secretary Janet Yellen, appeared before the Senate Banking Committee. He said it could make sense for the Federal Open Market Committee to wrap up its bond-buying program a few months earlier than anticipated, catching investors off-guard.