Wall Street closes higher after Fed Chair Powell delivers a 'Goldilocks' speech

Wall Street closes higher after Fed Chair Powell delivers a 'Goldilocks' speech

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Stocks blasted higher in afternoon trading Friday, even after Federal Reserve Chair Powell warned in comments in Jackson Hole, Wyoming, that central bank officials were "prepared to raise rates further." Traders appeared to shake off fears of future rate hikes, and instead focused on the positive…

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