Trump Criticizes Powell, Demands Rate Cut

This is a U.S. news story, published by Global News, that relates primarily to Trump news.

U.S. news

For more U.S. news, you can click here:

more U.S. news

Trump news

For more Trump news, you can click here:

more Trump news

News about Us federal policies

For more Us federal policies news, you can click here:

more Us federal policies news

Global News news

For more news from Global News, you can click here:

more news from Global News

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best politics news, business news, entertainment news, and much more. If you like this article about Us federal policies, you might also like this article about

Federal Reserve

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Dow dropping news, Fed news, news about Us federal policies, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Federal Reserve chairman

Global News

•

US Politics

Trump’s attacks on U.S. Fed chair spark big drops on Wall Street - National | Globalnews.ca

Summary

Nutrition label

68% Informative

U.S. dollar drops to a three-year low after President Trump attacks Fed chief Jerome Powell .

Dow drops by more than 1,000 points and S&P 500 drops nearly 3% in mid-day trading.

Big Tech stocks help lead indexes lower ahead of their latest earnings reports.

The interest rate on 10-year Treasuries ticks higher again on Monday to 4.37% .

Sen. John Kennedy from Louisiana defended Powell on NBC ’s “ Meet the Press ” and added that, “I don’t think the president, any president, has the right to remove the Federal Reserve chairman” Austan Goolsbee , the president of the Fed 's Chicago branch, said that undermining the Fed could lead to higher inflation, slower economic growth, and less hiring.

William English , an economist at the Yale School of Management and a former senior Fed staffer, said Trump 's attacks on the Fed aren't “going to make the American people better off over time”.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

possibly offensive

Hate speech

not hateful