CNBC Daily Open: Trump's escalating attacks on Powell are making investors cautious of the U.S.

Yeo Boon Ping - CNBC - 22/04
With no market closure to shield shares from U.S. President Trump’s threats of interfering in the Federal Reserve, investors unloaded their stocks.

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U.S. President Donald Trump speaks to the media during the annual White House Easter Egg Roll, on the South Lawn of the White House in Washington, D.C., U.S., April 21, 2025.
Leah Millis | Reuters

Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

Yesterday's edition of this newsletter cautioned that U.S. President Donald Trump's desire to intervene in the Federal Reserve, as he expressed to reporters on Friday, could result in upheaval in the markets. That didn't happen because markets were closed for the Good Friday holiday.

On Monday, trading resumed. So have Trump's attacks on the central bank — and, more pointedly, on Fed Chair Powell, describing him as "Mr. Too Late" and "a major loser" for not cutting interest r...
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