By Ritika Chhabra Jerome Powell’s 9-minute speech in Jackson Hole on Friday was short, crisp, clear. The event was a chance for Powell to reset investors’ expectations after the July FOMC meeting on his commitment towards controlling inflation and he made sure that his message goes out strongly with no room for any alternate interpretation. The speech was unequivocally hawkish and Powell made several remarks that spooked the markets with S&P 500 and Nasdaq 100 tanking 3.3% and 4.1% respectively to close the day. Also Read: Rupee slumps to fresh all-time low of 80.15 as US dollar touches two-decade peak …
