Fox anchor tries to downplay stock market downturn and gets corrected on air
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From the March 28, 2025, edition of Fox News' America Reports
SANDRA SMITH (ANCHOR): You've got the Federal Reserve chair at the interest rate meeting saying he believes that the tariffs will have minimal impact on prices, and that was in the middle of all this fearmongering that this is going to lead to sky-high inflation. Just to be sure, Robert, the stock market, to Steve's point, since Election Day, is almost flat. It's only down 2% since he was elected president again. And since Inauguration Day it's down 5.5%. I mean, we're not talking about --
ROBERT WOLF (FOX CONTRIBUTOR): That's a lot.
SMITH: That's a lot?
WOLF: 5%'s a lot.