Fed, Tariff Fears Send Dow Down More than 900 Points

MSN - 22/04
The Dow industrials fell 2.5% as Trump’s threats to fire the Fed chief exacerbated turmoil from his trade restrictions. The dollar hit fresh multiyear lows against the euro and yen, while gold rose to a record.

The “sell America” trade intensified on Monday.

President Trump’s threats to fire Federal Reserve Chair Jerome Powell exacerbated turmoil wrought by the administration’s trade restrictions and sent stocks plunging. Trump on Monday demanded lower interest rates in a post on social media, saying inflation is trending downward and the economy could slow “unless Mr. Too Late, a major loser, lowers interest rates, NOW.”

The Dow Jones Industrial Average dropped around 972 points, and is on pace for its worst April since 1932. The dollar hit fresh multiyear lows against the euro and other major currencies. Yields on longer-term Treasurys...
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