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malaise

(283,287 posts)
Mon Apr 21, 2025, 01:20 PM Monday

US stock markets fall again as Trump calls Fed chair 'a major loser'

https://www.theguardian.com/business/2025/apr/21/us-stock-market-trump-fed-chair-jerome-powell

US stock markets started falling again on Monday morning as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who the US president called “a major loser” for not lowering interest rates.

“There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on social media.

In recent days, Trump has amped up attacks against the Fed chair, pushing Powell to lower interest rates to offset the inflationary impacts of the new tariffs.

Two older men in suits at a microphone.
Can Trump fire Federal Reserve chair Jerome Powell?
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Trump is pressuring the Fed to cut rates, likely to appease the stock market, which plummeted after he announced his newest slate of tariffs. But Wall Street isn’t taking the bait and appears to be reacting in opposition to Trump’s attacks against Powell.
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bucolic_frolic

(49,963 posts)
1. Recession is not crash. Crash is kerplunk! Recession is persistently downward moves.
Mon Apr 21, 2025, 01:28 PM
Monday

Oh, Powell. Nominated by Obama, made Fed Chair by Trump, renominated by Biden. Yeah, he must be a real loser.

Ping Tung

(2,189 posts)
2. Trump, like his German predecessor, always finds a scapegoat to blame for his own stupidity.
Mon Apr 21, 2025, 01:32 PM
Monday

crud

(974 posts)
4. Seems like wall street
Mon Apr 21, 2025, 02:16 PM
Monday

realizes what a shitshow this is. Greedy folks put their hope in DJT, because they hoped for a payout. idiots should have realized that DJT was a complete disaster the first go round. Too greedy to not believe their own eyes.

GreenWave

(11,091 posts)
5. Gotta keep 'em falling until the 29th, so people on pension plans cannot purchase them cheap on the 30th!
Mon Apr 21, 2025, 02:58 PM
Monday
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