 "NYSE")
The Dow fell 1% on Friday after Federal Reserve official James Bullard said inflation was stronger than anticipated and it would take the central bank several meetings to figure out how to pare back stimulus.
The blue-chip Dow and the benchmark S&P 500 were set for their worst day in a month after Bullard, president of the St.
Louis Federal Reserve, said he was among the seven officials who saw rate increases beginning next year to contain inflation.
The CBOE volatility index, Wall Street's fear gauge, spiked to 20.60 points, its highest level since May 21 following his comments.
"The commentary
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