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Markets fall as Trump attacks Fed Chair Jerome Powell
Posted
April 21, 2025
Views
424,634
Likes
11,833
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Engagement
3.05%
April 21, 2025
424,634
11,833
1,138
3.05%
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1:34Now PlayingFinancial markets are down today after President Trump took to Truth Social to attack Federal Reserve Chairman Jerome Powell, calling for him to lower interest rates. The president called the Federal Reserve chair "Mr. Too Late" and called for him to lower interest rates, using all caps, "NOW."
Though Trump has long criticized Powell, whom he appointed during his first term, the president's complaints have ramped up in recent days amid a major market reaction to his tariffs shock.
Markets extended their losses after Trump's post, with the S&P 500 falling as much as 2.9% and now down 16% from its February peak, while the Dow Jones Industrial Average declined 1,000 points, or about 2.7%. The Nasdaq fell more than 3%.
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