The U.S. Stock Exchange fall again as a trump call on the Fed Stool “Big Loser” American economy star-news.press/wp

The American Stock Exchanges fell on Monday morning while Donald Trump continued the attacks on the federal spare chairs, Jerome Powell, which the US president called “the main loser” for not lowering interest rates.

“There may be a slowdown in the economy, unless Mr. through late, the main loser, it fits interest rates,” the trump card is written on social media.

In recent days, Trump has strengthened the attacks on the chair Fed, pushing Powell to lower interest rates on compulsory influencies of new tariffs.

Trump presses on the Fed to reduce rates, they will probably calm the stock market, which fell after announcing his latest slate of the tariff. But Wall Street does not take bait and seems to react to the opposite of Trump attacks against Powell and the independence of the American Central Bank.

Dow finished the day down 2.5%, while Tech-Heavy Nasdaq composite fell over 2.5%, and the S & P 500 fell 2.4%. Former technological stocks Favorites, including Tesla and Nvidia lost land, while the dollar value fell on a multi-year period against most major currencies.

Stock markets have regained the losses that have endured after Trump kicked out their “day of liberation” of tariff proposals, which would imitate huge names on all American trade partners. But almost all the stocks on the stock market after the Trump announcement of the 90-day break of its so-called reciprocal tariffs, be deleted due to these new Jabs against Powell.

Powell, which is known that he has been extremely measured in his public notes, has lately said about Trump tariffs and warned that they could lead to a “challenging scenario” for the Fed, which implies that it is soon not planning to reduce interest rates.

“Tariffs are very likely to create at least a temporary increase in inflation. Inflation effects can be more stable,” Powell told reporters 16. April.

CONTENT INFLATIONs were strained at 9% in June 2022. years, but slowly descends in recent years, largely due to careful adjustment of the Fed interest rates. The Fed set its target inflation rate to 2%.

Powell often refers to “Central Bank’s double term – to keep the employment. In the last few years, the FED is able to lower the inflation. make trump tariffs.

The Fed was treated for a long time as an non-contumptuous, non-political federal agency, although Trump recently floated the idea of ​​the Powell, whose term in May is in May. “Powell’s break can’t get enough!” Trump wrote on social media last week.

Such a move would be unprecedented and would probably put Wall Street in a further tail. In an interview with the CNBC, Krishna Guha, Vice President of Evercore ISI, research company in the capital, said that there would be a “severe reaction” from the market if Trump Pover Powell.

“I can’t believe that the administration is trying to achieve,” Guha said.

It is also vaguely whether Trump authorize to remove Powell from his weighted. The Supreme Court currently hears the case that could be able to give more able to fire federal officials before their concepts are up, although it is unclear whether this could reach the Federation.

Last week, Powell stressed the importance of the independence of the Fed of political forces.

“Our independence is the question of the law,” Powell said. “We serve for a long time, seemingly endless terms, so we are protected by law.”

But that does not mean that Trump administration is not trying. On Friday, the Economic Adviser of the White House Kevin Hassett told reporters that the Management Board “will continue to study” if I can legally fire Powell.

HED officials meet monthly to discuss potential changes in the interest rate. The next meeting between officials will be held 6 and 7. May.