{"id":2425769,"date":"2025-04-21T12:33:02","date_gmt":"2025-04-21T16:33:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stock-market-and-dollar-slide-as-trump-slams-powell-again\/"},"modified":"2025-04-21T12:35:32","modified_gmt":"2025-04-21T16:35:32","slug":"stock-market-and-dollar-slide-as-trump-slams-powell-again","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stock-market-and-dollar-slide-as-trump-slams-powell-again\/","title":{"rendered":"Stock market and dollar slide as Trump slams Powell again"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstock-market-and-dollar-slide-as-trump-slams-powell-again%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2425769&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Teh article reports on the recent decline of the stock market and the U.S. dollar, prompted by President trump&#8217;s criticism of Federal Reserve Chairman Jerome Powell. On Monday,the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bessent-most-popular-trump-official-despite-economic-uncertainty-poll-washington-examiner\/\" title=\"Bessent most popular ... official despite economic uncertainty: Poll - Washington Examiner\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/french-fashion-executive-becomes-richest-man-in-world-gets-overtaken-by-bezos-hours-later\/\" title=\"French Fashion Executive Becomes Richest Man In World, Gets Overtaken By Bezos Hours Later\">stock market opened<\/a> lower<\/a>,with the Nasdaq experiencing a drop exceeding 3%,and the Dow jones falling over 1,100 points by midday. The U.S. dollar also reached its lowest levels against foreign currencies as February 2022. In this volatile environment, investors are turning to gold, bitcoin, and Treasury yields as safer assets.<\/p>\n<p>trump has publicly criticized Powell&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-feds-favorite-inflation-measure-soared-5-8-in-2021-worst-in-39-years\/\" title=\"Bidenflation: Fed&#039;s Favorite ... Measure Soared 5.8% in 2021, Worst in 39 Years\">interest rate policies<\/a>,calling them &#8220;preemptive&#8221; and suggesting that he should resign. National Economic Council Director Kevin Hassett indicated that the Trump administration is exploring potential ways to dismiss Powell, claiming his actions were politically motivated. The article points out that Trump&#8217;s trade policies and the associated tariffs may be contributing to economic instability, raising concerns among investors about the independence of the Federal Reserve and the potential impact of Powell&#8217;s removal on stock market stability. Ongoing negotiations regarding tariffs with several countries are also highlighted, notably in relation to strained U.S.-china relations.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Stock market and dollar slide as Trump slams Powell again<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2099936\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>The <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/stock-market\/\" target=\"_blank\" rel=\"noopener\" title=\"\">stock market<\/a> opened down on Monday morning and has continued to slide. The Nasdaq dropped more than 2% at opening and has since reached over 3.25%, while the dollar hit its lowest value against <a href=\"https:\/\/www.washingtonexaminer.com\/restoring-america\/opinion-restoring-america\/3379874\/us-dollar-global-economy-trump-tariffs\/\" target=\"_blank\" rel=\"noopener\" title=\"\">foreign currencies<\/a> in years.<\/p>\n<p>By noon, the Dow Jones Industrial Average was down 1,100 points, and the S&amp;P 500 dropped nearly 3%. Big Tech shares, such as Tesla, Nvidia, and Salesforce, saw losses of about 6.8%, 5.5%, and 5.6%, respectively. The U.S. Dollar Index has fallen about 1.41% over the past week and hit a low of $97.99 on Monday, the lowest since February 2022.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3385071\/may-social-security-direct-payment-10-days\/\">May Social Security direct payment worth up to $967 goes out in 10 days<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3385087\/april-social-security-third-round-payments-two-days\/\">Third round of April Social Security payments goes out in 2 days<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3384923\/social-security-payment-april-third-round-three-days\/\">Third round of April Social Security payments goes out in three days<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Gold, bitcoin, and Treasury yields all rose during the market uncertainty.<\/p>\n<p>The drop coincided with tariff worries and President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Donald Trump<\/a> slamming Federal Reserve Chairman Jerome Powell again, saying calls to cut interest rates were &ldquo;preemptive.&rdquo;<\/p>\n<p>Trump <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114352766082542122\" target=\"_blank\" rel=\"noopener\" title=\"\">said<\/a> last week that &ldquo;Powell&rsquo;s termination cannot come fast enough!&rdquo;<\/p>\n<p>&ldquo;With Energy Costs way down, food prices (including Biden&rsquo;s egg disaster!) substantially lower, and most other &lsquo;things&rsquo; trending down, there is virtually No Inflation,&rdquo; he said <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/114376239725335883\" target=\"_blank\" rel=\"noopener\" title=\"\">in a post<\/a> on Truth Social. <\/p>\n<p>&ldquo;With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,&rdquo; he added. &ldquo;Europe has already &lsquo;lowered&rsquo; seven times. Powell has always been &lsquo;To Late,&rsquo; except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?&rdquo;<\/p>\n<p>    <!-- TradingView Widget BEGIN --> <\/p>\n<div class=\"tradingview-widget-container\">\n<div class=\"tradingview-widget-container__widget\"><\/div>\n<div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/\" rel=\"noopener nofollow\" target=\"_blank\"><span class=\"blue-text\">Track all markets on TradingView<\/span><\/a><\/div>\n<p>   <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-market-overview.js\" async>   {   \"colorTheme\": \"light\",   \"dateRange\": \"12M\",   \"showChart\": true,   \"locale\": \"en\",   \"largeChartUrl\": \"\",   \"isTransparent\": false,   \"showSymbolLogo\": true,   \"showFloatingTooltip\": false,   \"width\": \"700\",   \"height\": \"460\",   \"plotLineColorGrowing\": \"rgba(41, 98, 255, 1)\",   \"plotLineColorFalling\": \"rgba(41, 98, 255, 1)\",   \"gridLineColor\": \"rgba(240, 243, 250, 0)\",   \"scaleFontColor\": \"rgba(15, 15, 15, 1)\",   \"belowLineFillColorGrowing\": \"rgba(41, 98, 255, 0.12)\",   \"belowLineFillColorFalling\": \"rgba(41, 98, 255, 0.12)\",   \"belowLineFillColorGrowingBottom\": \"rgba(41, 98, 255, 0)\",   \"belowLineFillColorFallingBottom\": \"rgba(41, 98, 255, 0)\",   \"symbolActiveColor\": \"rgba(41, 98, 255, 0.12)\",   \"tabs\": [     {       \"title\": \"Indices\",       \"symbols\": [         {           \"s\": \"FOREXCOM:SPXUSD\",           \"d\": \"S&P 500 Index\"         },         {           \"s\": \"FOREXCOM:NSXUSD\",           \"d\": \"US 100 Cash CFD\"         },         {           \"s\": \"FOREXCOM:DJI\",           \"d\": \"Dow Jones Industrial Average Index\"         },         {           \"s\": \"INDEX:NKY\",           \"d\": \"Japan 225\"         },         {           \"s\": \"INDEX:DEU40\",           \"d\": \"DAX Index\"         },         {           \"s\": \"FOREXCOM:UKXGBP\",           \"d\": \"FTSE 100 Index\"         }       ],       \"originalTitle\": \"Indices\"     },     {       \"title\": \"Forex\",       \"symbols\": [         {           \"s\": \"FX:EURUSD\",           \"d\": \"EUR to USD\"         },         {           \"s\": \"FX:GBPUSD\",           \"d\": \"GBP to USD\"         },         {           \"s\": \"FX:USDJPY\",           \"d\": \"USD to JPY\"         },         {           \"s\": \"FX:USDCHF\",           \"d\": \"USD to CHF\"         },         {           \"s\": \"FX:AUDUSD\",           \"d\": \"AUD to USD\"         },         {           \"s\": \"FX:USDCAD\",           \"d\": \"USD to CAD\"         }       ],       \"originalTitle\": \"Forex\"     },     {       \"title\": \"Futures\",       \"symbols\": [         {           \"s\": \"BMFBOVESPA:ISP1!\",           \"d\": \"S&P 500 Index Futures\"         },         {           \"s\": \"BMFBOVESPA:EUR1!\",           \"d\": \"Euro Futures\"         },         {           \"s\": \"PYTH:WTI3!\",           \"d\": \"WTI CRUDE OIL\"         },         {           \"s\": \"BMFBOVESPA:ETH1!\",           \"d\": \"Hydrous ethanol\"         },         {           \"s\": \"BMFBOVESPA:CCM1!\",           \"d\": \"Corn\"         }       ],       \"originalTitle\": \"Futures\"     },     {       \"title\": \"Bonds\",       \"symbols\": [         {           \"s\": \"EUREX:FGBL1!\",           \"d\": \"Euro Bund\"         },         {           \"s\": \"EUREX:FBTP1!\",           \"d\": \"Euro BTP\"         },         {           \"s\": \"EUREX:FGBM1!\",           \"d\": \"Euro BOBL\"         }       ],       \"originalTitle\": \"Bonds\"     }   ] }   <\/script> <\/div>\n<p> <!-- TradingView Widget END -->    <\/p>\n<p>National Economic Council Director&nbsp;Kevin Hassett&nbsp;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-18\/trump-studying-whether-removing-powell-is-option-hassett-says\" target=\"_blank\" rel=\"noopener\" title=\"\">said on Friday<\/a> that Trump and his team are studying ways to fire Powell. He suggested that Powell has acted politically with his control over interest rates. &ldquo;The policy of this Federal Reserve was to raise rates the minute President Trump was elected last time, to say that the <a href=\"https:\/\/amzn.to\/3YuVZYV\">supply-side tax cuts<\/a> that were going to be inflationary,&rdquo; Hassett said.<\/p>\n<p>Investors are dealing &ldquo;with a fresh source of macro anxiety: Trump&rsquo;s threats to Fed independence,&rdquo; Adam Crisafulli of Vital Knowledge told CNBC. &ldquo;This threat is related to Trump&rsquo;s trade war as Powell and his colleagues are forced to stay on the sidelines due to the prospect of a tariff-induced inflation spike over the coming months despite recent market volatility and rising downside growth risks.&rdquo;<\/p>\n<p>&ldquo;The concurrent slump in stocks, the USD, and Treasuries suggests Trump&rsquo;s trade war has set in motion an exodus from American financial assets that no amount of negotiating can reverse,&rdquo; Crisafulli wrote.<\/p>\n<p>An ouster of Powell would likely <a href=\"https:\/\/www.nytimes.com\/2025\/04\/18\/business\/trump-powell-fed-markets.html\" target=\"_blank\" rel=\"noopener\" title=\"\">cause a panic<\/a> in the stock market or, at the very least, volatility. Trump would likely install an administration-friendly Fed chairperson if he managed to fire Powell, who leads a politically independent agency.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3242203\/what-items-affected-trump-tariffs-canada-mexico\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>WHICH ITEMS WOULD BE AFFECTED BY TRUMP&rsquo;S PROPOSED TARIFFS ON CANADA AND MEXICO<\/strong><\/a><\/p>\n<p>Negotiations with several countries regarding Trump&rsquo;s sweeping tariffs are ongoing.<\/p>\n<p>The United States still has a fractured relationship with China, on which it has imposed the largest tariffs, as it <a href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/3385828\/china-tariffs-countermeasures-new-us-trade-deals\/\" target=\"_blank\" rel=\"noopener\" title=\"\">warned countries <\/a>not to make deals to their detriment on Monday.<\/p>\n<\/div>\n<p> <script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2099936\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2099936\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock market and dollar decline as Trump criticizes Powell again. The market opened lower on Monday, with the Nasdaq falling over 3.25% and the dollar hitting a multi-year low against other currencies. By noon, the Dow was down 1,100 points and the S&amp;P 500 nearly 3%<\/p>\n","protected":false},"author":1,"featured_media":2425770,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/Jerome-Powell-.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[53825,8975,35133,3634],"class_list":["post-2425769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-dollar-slide","tag-powell","tag-stock-market","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/Jerome-Powell-.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2425769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2425769"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2425769\/revisions"}],"predecessor-version":[{"id":2425774,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2425769\/revisions\/2425774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2425770"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2425769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2425769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2425769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}