Stocks slump on Powell comments

U.S. stocks slumped Wednesday after the head of the Federal Reserve
said that more interest rate hikes were on the way.

The Central Bank left rates unchanged this month but Jerome Powell
says further action is needed to beat down inflation.

William Denselow reports from New York.

IN: "Addressing lawmakers from…"
OUT: "... SOC"
DUR: 50 seconds

Generic: http://fsnradionews.com/feeds/0621Mkts-wd-generic.mp3