US stocks and the dollar took a hit yet again as President Donald Trump unleashed a scathing attack on Federal Reserve chair Jerome Powell, calling him “a major loser” on social media. Trump demanded that Powell cut interest rates to give a much-needed boost to the economy, criticizing Powell for being too slow to respond to economic changes.
The President’s criticism of Powell comes at a time when his own policies, particularly his plans for tariffs, have sent shockwaves through the stock market and sparked concerns about a potential economic downturn. As Trump and Powell clash over how to manage monetary policy, investors are left grappling with uncertainty and market volatility.
The ongoing trade tensions between the US and China have only compounded the situation, with fears of a global economic slowdown looming large. The uncertainty surrounding trade negotiations and the potential impact of tariffs have contributed to the recent instability in both the stock market and the value of the dollar.
As the feud between Trump and Powell escalates, the future trajectory of US economic policy remains uncertain. Investors will be closely watching for any further developments that could have a significant impact on financial markets.
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Video “US stocks and dollar plunge as Donald Trump attacks Fed chair Jerome Powell | BBC News” was uploaded on 04/22/2025 to Youtube Channel BBC News