**NEW YORK, Aug 26 (Reuters) – The S&P 500 and Nasdaq closed lower on Friday after Federal Reserve Chair Jerome Powell signaled that the central bank will keep aggressively raising interest rates to tackle inflation, even if it causes economic pain.**
The Dow Jones Industrial Average .DJI rose 33.66 points, or 0.1%, to 33,028.44, the S&P 500 .SPX lost 17.03 points, or 0.41%, to 4,128.78 and the Nasdaq Composite .IXIC dropped 129.54 points, or 0.92%, to 13,838.74.
For the week, the Dow gained 0.2%, the S&P 500 lost 0.4% and the Nasdaq fell 1.5%.
Powell’s speech at the Fed’s annual economic symposium in Jackson Hole, Wyoming, was highly anticipated by investors seeking clues on the central bank’s future policy path.
The Fed chief said the central bank would .
