Power Breakfast: Fed Chairman said It is most important to bring inflation under control

Federal Reserve Chair Jerome Powell said the Fed must move faster than ever to tackle inflation, suggesting sharp interest rate hikes are likely in the coming months. Meanwhile, the Dow Jones closed at the day's low, down 370 points. The Nasdaq fell 2% as IT stocks fell sharply. The 10-year bond yield has risen to close to 3%. Tesla jumps 3.2% on results, airline shares climb. Netflix falls 3.5% after 35% drop yesterday.