Getty imagesAmerican stocks and dollars fell again as President Donald Trump intensified his attacks on the US Central Bank boss, calling them “a major losers” for not reducing interest rates.
In social media posts, Trump asked Federal Reserve Chairman Jerome Powell to cut the economy to cut “pre-khali” interest rates, saying that Powell was very slow to respond to continuous economic growth.
He wrote, “By the time Shri is too late, the economy can slow down, a major loser, reduces interest rates,” he wrote.
Pavel’s criticism of Tram to deal with the American economy is then that his own plans for tariffs have increased a stock market sales and have increased the possibility of economic recession.
The President’s intensity was faced with Pavel, which he nominated to lead the Fed during his first term, added to the market turmoil.
S&P 500, which tracks 500 of the largest American companies, was about 3% in the afternoon trading on Monday. It has lost about 12% of its value since the beginning of the year.
Dow Jones Industrial Average fell by 2.9% and has fallen by about 10% so far this year, while Nasdaq fell more than 3.4% and is about 18% below since January.
Although dollars and American government bonds are usually considered to be a safe property in the time of the market turmoil, they have not recently survived unrest.
Dollar Index – which measures the dollar power against a set of currencies, including the euro – fell to its lowest level since 2022 on Monday.
Interest rates on US government loans also increased, as investors demanded high returns to keep treasury.
Pavel’s criticism of Trump’s first term in the office, when he allegedly discussed firing to him. Since winning the election, he has urged Powell to reduce the cost of borrowing.
The latest criticism follows Powell’s warning that Trump’s imports were likely to increase prices and slow down the economy.
Powell was publicly evacuated by Trump last week, it was written on social media on Thursday: “Powell’s end cannot come very fast,”.
Such a step will be controversial – and legally suspected – given the tradition of freedom in the bank.
Powell told reporters last year that he did not believe that the President had a legal right to remove him.
But one of Trump’s top economic advisors confirmed that the authorities were studying the option on Friday, when the stock market in the US was closed for trade.
