Salt Lake Tribune · Dec 26, 2018
Catherine Rampell: Keystone Cops capture U.S. economy
The speech of Federal Reserve Chairman Jerome Powell, to the Economic Club of New York, appears on a television screen on the floor of the New York Stock Exchange, Wednesday, Nov. 28, 2018. Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. (AP Photo/Richard Drew) Markets have been plunging, with the S&P 500 down 20 percent from its September peak. A lot of factors have driven the correction, including President Trump's trade wars, his government shutdown and a surprise court ruling declaring Obamacare unconstitutional.