Trump vs Fed: Dollar Takes a Nosedive as Safe Havens Party
Key Points
- Trump threatens to fire Fed Chair Powell, causing U.S. stock...
Who knew the U.S. dollar could sweat? As former President Trump launches verbal missiles at Federal Reserve Chair Jerome Powell, the greenback is having what finance experts technically call 'a really bad hair day.'
Powell in the Hot Seat, Dollar in the Hot Water
Trump's latest crusade against the Fed Chair includes threats of firing Powell if interest rates aren't slashed immediately. While Trump can't actually fire Powell (thank goodness for bureaucracy!), just the suggestion sent markets into a tizzy on April 21, 2025. U.S. stocks took a dive faster than a Wall Street banker's blood pre...
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