The Nasdaq led Wall Street sharply lower on Friday after Federal Reserve Chief Jerome Powell signaled the central bank would keep raising interest rates to tame inflation, sparking a selloff in growth and technology stocks. The U.S. economy will need tight monetary policy “for some time” before inflation is under control, Powell said in a speech to the Jackson Hole central banking conference in Wyoming. Also read: Portfolio managers can invest up to 30 pc of clients’ assets in securities of ‘associates’: Sebi “His comments were hawkish, he’s keeping the pedal to the metal here when it comes to policy …
