From Yahoo Finance: 2025-04-17 16:32:00

Trump escalates feud with Fed Chair Powell as ECB cuts rates and signals more easing. Market sees mixed day with Dow down, Eli Lilly surges 14%, UnitedHealth crashes 22%. Dollar flat after Trump’s attack on Powell. Yields rise, oil up on US-EU trade hopes and Iran sanctions.

Trump’s attacks on Powell raise fears of Fed independence. Risk of Powell firing is too big to price. Market uncertainty as faith in dollar and Treasuries wanes. Term premium in bond market at highest in a decade. Potential for new Trump-appointed Fed chair shakes investor confidence.

Investors wary of Trump’s threats to Powell as Fed independence hangs in the balance. Market volatility looms as tensions rise. Trump’s dismissal of Powell could have far-reaching consequences. Faith in US economic policy and institutions at record lows. Market bracing for potential fallout.

Read more: Trading Day: ECB acts, Trump attacks