Stocks on Wall Street rallied after Mr. Powells remarks, which calmed investors who had begun to worry that the fight against inflation might push the economy into a recession. The S&P 500 jumped… [+2659 chars]
Read the whole story by Jeanna Smialek on New York Times:
https://www.nytimes.com/2022/05/04/business/economy/fed-rate-decision-inflation.html
