NEW YORK, April 16 (Reuters) - The three major U.S. stock indexes extended declines in afternoon trading on Wednesday, with the S&P 500 last down more than 2% after Federal Reserve Chair Jerome Powell said that while the U.S. economy is still in a solid position, growth appears to be slowing.
Powell, in remarks for the Economic Club of Chicago, also said that so far larger-than-expected tariffs likely mean higher inflation and slower growth. He said the Fed is waiting for greater clarity before considering policy changes.
https://www.reuters.com/markets/us/us-stock-futures-drop-nvidia-tumbles-new-curbs-chip-exports-china-2025-04-16/
