US stocks rose Friday as markets brushed off Powell's warnings of more possible Fed tightening. The Fed chief said the central bank could hike interest rates further "if appropriate" to tame inflation. Investors seemed to ignore the warning, pushing to the Dow up almost 250 points during the session. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "Beyond September, markets may have to adjust the rate outlook higher, particularly if the recent run of faster than expected growth continues to play out."

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Persons: Jerome Powell's, Powell, Wealth's Gary Pzegeo Organizations: Fed, Dow, Service, CIBC, Dow Jones Locations: Wall, Silicon