Dollar and US shares fall pique after Trump's attack on Powell

In a social media publication, Donald Trump called on to the Federal Reserve (Fed) president to reduce the interest rates “preventively” to help boost the economy by saying that Jerome Powell had been consistently slow to respond to economic evolution.

"There may be a slowdown of the economy, unless Mr. Too Late (" too late "in Portuguese), a great loser, download the interest rates now," he wrote.

In recent days, Trump has intensified attacks against the Fed President, pressuring Powell to lower interest rates to compensate for the inflationary impacts of new tariffs.

Trump is pressuring the Fed to reduce rates, probably to appease the stock market, which has crashed after announcing the latest list of tariffs. But Wall Street is not biting the bait and seems to be reacting in opposition to Trump's attacks against Powell and US Central Bank independence.

Trump's criticism of the way Powell manages the US economy arise at the time its customs rights plans led to a liquidation of the scholarship market and increased the fears of economic recession. The intensification of Trump's confrontation with Powell, which he appointed to direct the Fed during his first term, increased market turbulenc...
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