Jerome Powell's 8-Minute Speech Erases $78 Billion!

Fed Chair Jerome Powell News:

Federal Reserve Chair Jerome Powell said that the US central bank will continue to raise interest rates.

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Jerome Powell's speech was seen as a pushback on the recent rally in US stocks.

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His speech reduced the wealth of America's richest people to $78 billion.

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Tesla boss Elon Musk’s saw $5.5 billion erased from his wealth.

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Jeff Bezos lost the most at $6.8 billion in the Bloomberg Billionaires Index.

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Microsoft founder Bill Gates declined by $2.2 billion from his wealth.

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Warren Buffett saw $2.7 billion erased from his wealth After Jerome Powell's speech.

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After this speech by Jerome Powell, Google co-founder Sergey Brin was knocked below $100 billion.

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Microsoft, Amazon, Tesla, and Alphabet among its biggest components, plunged more than 4%.

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