Market Snapshot: Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle Posted on August 26, 2022 By Charlielikes U.S. stocks close with big losses Friday after Federal Reserve Chair Jerome Powell said the central bank will continue its inflation battle until it falls back to around 2%. Stock Market Tags:‘after, ‘pain’, ‘to, $1,000., 3–9, battle, closes, dow, down’, falls, households, in, inflation:, market, nasdaq, of, points, powell, snapshot”, stock, stock market, warns