Closing Bell: Fire in the hole! Stocks plummet on Powell speech 8/26/22
The major averages fell hard in Friday trading, with the selloff sparked by Fed Chair Powell\u2019s speech in Jackson Hole. Fed watchers David Zervos and Peter Boockvar parse through the speech for clues about the Fed\u2019s rate policy. Evercore\u2019s Mark Mahaney breaks down the pain for big tech. Canaccord\u2019s Tony Dwyer discusses the outlook for the markets. And LightShed\u2019s Brandon Ross joins to talk about EA \u2013 which bucked the downtrend on M&A rumors.