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Trump calls Fed Chair Jerome Powell 'a major loser' as attacks rattle markets

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The Dow Jones Industrial Average fell 1,088 points, Nasdaq was off 3.2% , and S&P 500 was off more than 2.8% .

The VIX jumped more than 14% as gold futures surged to $ 3,425 per ounce, and the dollar hit multi-year lows against most major currencies.

Trump ignited a stock market rout last week after he said on Thursday that Fed Chair Jerome Powell was “always too late and wrong” about interest rate cuts.