Stocks Fall After Fed Chair Warns of Faster Rate Increases

P.M. Edition for March 7. U.S. stocks fell after Federal Reserve Chair Jerome Powell in testimony to the Senate Banking Committee indicated that the Central Bank could speed up interest-rate increases. Plus, President Biden’s plan to keep Medicare solvent includes increasing tax rates on high earners making over $400,000 a year. Tax policy reporter Rich Rubin joins host Annmarie Fertoli to discuss.  Learn more about your ad choices. Visit megaphone.fm/adchoices