Dollar weakens, stocks fluctuate amid Trump-Powell clash

Agency Report - Punch - 22/04

Bullion hit another record Tuesday while the dollar weakened and equities fluctuated. US President Donald Trump’s latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank’s independence. With the US tariff blitz still causing ructions on global trading floors, investors are now dealing with the added worry that the […]

With the US tariff blitz still causing ructions on global trading floors, investors are now dealing with the added worry that the US president will try to remove the country’s top banker.

Trump took a swipe at Powell last week for his warning that the sweeping levies would likely reignite inflation, saying his “termination cannot come fast ...
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