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Markets react after Trump blasts Fed chair 'Powell's termination cannot come fast enough’
Posted
April 17, 2025
Views
191,291
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April 17, 2025
191,291
1,248
90
0.70%
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6:36:06Now PlayingWatch live coverage of U.S. markets as President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chair Jerome Powell. His post on Truth Social comes a day after Powell delivered a speech at the Economic Club of Chicago in which he noted that the administration’s tariffs put the central bank in a tricky spot as it decides whether to tame inflation or boost growth. Stocks also took a hit on Wednesday after Federal Reserve Chair Jerome Powell said Trump’s levies could drive up inflation in the near term and are “likely to move us further away from our goals." The Dow and S&P 500 have both slid more than 1% on the week. The Nasdaq has dropped 2.5%.
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Markets react after Trump blasts Fed chair 'Powell's termination cannot come fast enough’
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