Breaking News: Stocks had their best day since May 2020, jumping 3% after Jerome Powell, the Fed chair, dismissed the idea of even bigger rate increases. - HOT AIR BALLOON FLIGHT

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Breaking News: Stocks had their best day since May 2020, jumping 3% after Jerome Powell, the Fed chair, dismissed the idea of even bigger rate increases.

BREAKING NEWS

Stocks had their best day since May 2020, jumping 3% after Jerome Powell, the Fed chair, dismissed the idea of even bigger rate increases.

Wednesday, May 4, 2022 4:07 PM ET

Mr. Powell's comments calmed investors, who had begun to worry that the fight against inflation might push the economy into a recession.

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