Fed Chair Powell Voices Inflation Worries

U.S. stocks close lower after Federal Reserve Chair Jerome Powell warns of “energy shock.” Plus: Macy’s shares climb as Bloomingdale’s shows retail strength. Shares of Unilever fall on report of possible food spinoff. Julie Chang hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.