American shares and dolide slide after Trump’s attack by Fed Powell

US actions and the dollar plunged again when President Donald Trump has strengthened attacks on the US Central Bank’s boss, calling it a “main loser” for reducing interest rates.

In a report on social media, Trump called on Jerome Powell’s Federal Reserve Speaker to reduce his interest rates to help raise the economy by saying that Powell was too slow to respond to economic events.

“There may be a slowdown in the economy when Mr. is too late, a large loser, now reduces interest rates,” he wrote.

Trump’s criticism against Powell’s address in the US economy comes because his own tariff plans led to the sale on the stock market and caused fears of economic recession.

The president’s instant collision with Powell, whom he called to head the Fed during his first term, added to market disturbances.

The S&P 500, which tracks the 500 largest US companies, fell by 2.4%on Monday. Since the beginning of the year, it has lost about 12% of its value.

On average, Dow Jones Industrial decreased by 2.5% and decreased about 10% this year, and NASDAQ decreased by more than 2.5% and decreased by about 18% since January.

Although the state bonds of the dollar and the US are usually considered safe assets during the shock of the market, they have not escaped recent turbulence.

The dollar index – which measures the dollar strength against the currency set, including the euro – decreased to the lowest level on Monday since 2022.

The US State debt rate also increased as investors demanded more profitability to maintain the Treasury.

Trump’s criticism upon Powell goes back to his first term as he also reportedly discussed his dismissal. Since the election victory, he called on Powell to reduce borrowing costs.

The latest criticism stems from Powell’s warnings that Trump’s import taxes are likely to raise prices and slow the economy.

Trump Last week publicly called Powell was firedWriting on social media on Thursday: “Stopping Powell cannot come soon enough.”

Such a step would be contradictory – and legally doubtful – given the tradition of independence in the bank.

Paul Last year reported to journalists He did not believe that the president had legitimate powers to remove it.

But one of Trump’s leading economic advisers confirmed that officials studied this option on Friday when the US stock market was closed for bidding.