President Trump and Federal Reserve Chair Powell clash over interest rates, echoing tensions in 1987 Reagan administration. Recent strong week for U.S. Dollar Index, best since 2022, despite previous 11% loss in first half of year. Dollar’s impact on stocks uncertain, history shows mixed correlation between dollar strength and stock market performance. Concerns arise about parallels between current situation and events leading up to 1987 stock market crash. Trump administration’s push for lower interest rates could further weaken dollar, impacting stock market negatively. President Donald Trump and Federal Reserve Chair Jerome Powell are in disagreement over interest-rate policy, sparking concerns reminiscent of a similar situation in 1987 during the Reagan administration. This conflict has potential consequences for the stock market.

Read more at Yahoo Finance: Trump and the dollar are doing something we saw just before the October 1987 stock market crash