Jerome Powell's testimony is rattling markets. Here's what 4 strategists are saying about the Fed's hawkish stance.

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Jerome Powell speaks at a Fed meeting
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., July 27, 2022.

Elizabeth Frantz/Reuters

Minting a $1 trillion coin may be legal but is an 'unworkable' option to avoid a catastrophic US debt default, Moody's Analytics chief economist says

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A person putting a coin in a piggybank

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The speculative rally in tech and meme stocks is out of control again and some could plummet 20%, Morgan Stanley's chief equities strategist says

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trader nyse celebrate cheer

Getty Images / Scott Olson

US stocks will soon beat European peers again as hotter inflation means the region is heading into more aggressive rate hikes, BlackRock says

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Christine Lagarde, President of the European Central Bank or ECB
ECB President Christine Lagarde.

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FTX's lawyers and advisers cost $38 million for a month of work - and the bankrupt crypto exchange's new CEO charged $305,000 for February

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John J. Ray III and Sam Bankman-Fried.
John Ray III and Sam Bankman-Fried.

Nathan Howard/Getty Images; Michael M. Santiago/Getty Images

Bank of America CEO Brian Moynihan says the US will enter a recession in the 3rd quarter of this year

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Brian Moynihan

REUTERS/Arnd Wiegmann

Citadel boss Ken Griffin made $4.1 billion last year, the most of any hedge fund manager in history

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Ken Griffin
Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019.

Mike Blake/Reuters

US stocks slip ahead of Fed chief Powell's testimony on Capitol Hill

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Fed Chair Jerome Powell
Federal Reserve Chair Jerome Powell

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Oil prices are an 'underappreciated' indicator of a coming recession - and they're flashing signs the US will avoid a downturn

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gas prices

Rogelio V. Solis/AP

Nvidia will soar 19% as the market's top semiconductor stock because their chips work most seamlessly with AI and they already have a head start, Credit Suisse says

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A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California.
Nvidia headquarters in Santa Clara, California

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