Market Downturn Driven by Uncertainty Surrounding Fed Leadership

This week has seen volatility in the US stock markets as investors reacted to concerns about the future direction of monetary policy. The Dow Jones and Nasdaq have both fallen over 2%, while the S&P 500 dropped 1.5%. This decline is driven by investor uncertainty surrounding U.S. Federal Reserve Chair Jerome Powell’s stance on supporting the market, and their anticipation of potential changes in leadership at the Fed.