Closing Bell: Powell presser pumps up market, Gary Cohn reacts, Big earnings movers 2/1/23

Stocks rallied during Fed chair Jerome Powell’s news conference after the Fed announced its decision to raise rates by 25 basis points, with investors keying in on Powell’s comments around taming inflation. Former NEC Director Gary Cohn joins for an extensive breakdown of the decision and Powell’s words. David Zervos from Jefferies discusses the impact on the market and for investors. Plus why AMD and Peloton surged on earnings, and what to watch from Meta’s results. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.