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May 18, 2022

Let’s put Wall Street’s bad day in context

It wasn’t a pretty day for the stock market. But it wasn’t entirely unexpected either. Plus, Ben Bernanke on the Fed’s communication strategy.

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NEW YORK, NEW YORK - MAY 12: People walk by the New York Stock Exchange (NYSE) on May 12, 2022 in New York City. Prices of clothing, food, gas and cars are just a few of the items that are hitting Americans' pocketbooks despite historically low unemployment. Giving hope to economists, some key inflation indicators have finally begun to slow in April.
NEW YORK, NEW YORK - MAY 12: People walk by the New York Stock Exchange (NYSE) on May 12, 2022 in New York City. Prices of clothing, food, gas and cars are just a few of the items that are hitting Americans' pocketbooks despite historically low unemployment. Giving hope to economists, some key inflation indicators have finally begun to slow in April.
Spencer Platt/Getty Images

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The Team

Let’s put Wall Street’s bad day in context