American shares and slide in dollars after Trump attacked Fed President Powell

The US stocks and the dollar were again immersed when President Donald Trump intensified his attacks on the head of the US Central Bank, calling him a “main loser” for not reducing interest rates.

In a social media publication, Trump called on Federal Reserve President Jerome Powell to reduce interest rates to help increase the economy, stating that Powell was constantly slow to respond to economic development.

“There may be a slowdown in the economy, unless a gentleman too late, a major loser, lowers interest rates now,” he writes.

Trump’s criticism of Powell to deal with the US economy is coming, as his own tariff plans have sparked the stock market and sparked fears of economic recession.

The enhancing clash of the President with Powell, whom he indicated to lead the Fed in his first term, added to the market concussion.

The S&P 500, which tracks 500 of the largest US companies, fell approximately 2.4% on Monday. It has lost approximately 12% of its value since the beginning of the year.

The industrial average of Dow Jones has dropped by 2.5% and has dropped about 10% so far, while NASDAQ has fallen by over 2.5% and is approximately 18% since January.

Although dollar bonds and US government bonds are usually considered safe assets in market turmoil, they have not escaped from recent turbulence.

The dollar index – which measures the strength of the dollar according to a set of currencies, including the euro – on Monday fell to its largest level since 2022.

Interest rates on US government debt have also increased as investors demanded a higher return on treasurers.

Trump’s criticism of Powell dates back to his first office when he also discussed his dismissal. After winning the election, he urged Powell to reduce loan costs.

The latest criticism follows Powell’s warnings that Trump’s import taxes are likely to increase prices and slow down the economy.

Trump Last week called publicly about Powell to be firedSocial media writing on Thursday: “Powell’s termination cannot come quickly enough.”

Such a move would be controversial – and legal dubious – given the tradition of independence in the bank.

Powell Last year he told reporters He did not believe that the president had the legal powers to eliminate him.

But one of Trump’s best economic advisers confirmed that employees were studying the option on Friday when the US stock exchange was closed to trade.