Wall Street's big voices are weighing in on Trump's feud with Powell — and most aren't happy

MSN - 23:41
President Donald Trump might be planning to make Jerome Powell his scapegoat, but blaming the Fed chair could backfire badly, analysts and economists said.

  • President Donald Trump has hit out at Fed chair Jerome Powell for not cutting interest rates faster.
  • Fresh fears about the central bank's independence hit stocks, bonds, and the dollar on Monday.
  • Wall Street figures said Powell might be Trump's scapegoat, but removing him could backfire badly.

President Donald Trump has once again blasted Federal Reserve Chair Jerome Powell for cutting interest rates too slowly and warned he could remove him from his post. The latest threat to the central bank's independence sent more shockwaves through markets.

Piling those fresh worries on top of tariff woes meant the "sell America" trade was in full force on Monday with US stocks, Treasurys, and the dollar all dropping.

The S&P 500 fell 2.4%, the dollar slid to its weakest level since 2022, the 30-year Treasury yield ros...
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