US Economic Turmoil Amid Trump’s Criticism of the Federal Reserve
US stocks and the dollar fell sharply as President Trump intensified attacks on Federal Reserve Chair Jerome Powell, calling for immediate interest rate cuts to boost the economy. Trump’s criticism follows his own tariff policies, which have contributed to a stock market decline, with the S&P 500 down 12% this year and the dollar index hitting its lowest since 2022. The tension escalated as Trump suggested Powell should be fired, a move that could challenge the Fed’s independence.
