Dow sinks 1,000 points, Fed's Powell warns on economic pain ahead U.S. stocks saw a sharp selloff on Friday with the Dow Jones Industrial Average touching a 1,000+ point drop before closing down XXX points. The S&P 500 and the Nasdaq Composite shed over 3%. Federal Reserve Chairman Jerome Powell delivered a warning about the health of economy with interest rates expected to rise even further as policymakers try to tame red hot inflation. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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