The actions were already heading to a more open on Monday, but they lost more land after President Donald Trump’s position on Truth Social Criticizing, Fed President Jerome Powell.
The Dow has dropped more than 800 points. The s& P has dropped more than 2% and Nasdaq has dropped almost 3%.
The shares are lower, but the price of treasure bonds and the value of the dollar, which normally increase in market agitation times, are also lower.
“‘Preventive cuts'” In interest rates are being requested by many, “Trump wrote on Monday.” With very low energy costs, food prices (including driver’s egg disaster!) Substantially lower, and most of the other things’, practically there is no inflation. “
The president of the Federal Reserve, Jerome Powell, leaves after talking to the Chicago Economic Club, on April 16, 2025.
Vincent Alban/Getty Images
“With these trend costs so well descending, just what I predicted that they would do, there can hardly be inflation, but there may be a deceleration of the economy unless Mr. Too Late, a large loser, reduces interest rates, now,” Trump continued. “Europe has already” lowered “seven times. Powell has always been ‘late'”.
-ABC News’ Zunaira Zaki
