Stock Futures Fall as Trade and Fed Fears Mount
From Barron’s: 2025-04-21 04:35:00
Stocks are expected to decline on Monday amid concerns over trade tensions and speculation that President Trump may try to oust Federal Reserve Chair Jerome Powell to push for interest rate cuts. Dow futures down 0.9%, S&P 500 futures down 1%, Nasdaq 100 futures down 1.1%.
White House economic advisor Kevin Hassett stated that the administration is exploring the possibility of firing Powell, following President Trump’s public criticism of the Fed chair. This comes after Trump’s recent social media attacks on Powell’s handling of interest rates.