NY Dow Average stock price temporarily dropped by more than 500 dollars at Powell chairman's speech

On the 26th, the New York stock market and the Dow Jones Industrial Average fell sharply above $500 at one point.

At the symposium "Jackson Hole Conference" held in the United States, Chairman Powell of the FRB = Federal Reserve System gave a lecture and indicated his determination to suppress inflation. As a result, sales orders surged.

A market insider said, "There was speculation in the market that the Fed would move toward monetary easing if inflation were to subside early, but the Fed's remarks prompted a strong focus on monetary tightening, raising concerns about a cooling of the economy. has strengthened," he said.