From Yahoo Finance: 2025-04-21 11:32:00

President Trump criticized Federal Reserve Chair Powell, urging interest rate cuts to boost the economy. Gas prices fell due to lower oil costs, but food prices rose. Trump’s comments caused stock market and dollar declines, raising Treasury rates. Trump’s threats against Powell and tariffs drove down the dollar, pushing up mortgage rates. Investors are avoiding U.S. markets amidst uncertainty. Trump’s possible firing of Powell could lead to legal battles. Powell insists Trump lacks authority to fire him and plans to stay until 2026.



Read more at Yahoo Finance: Trump renews attacks on Federal Reserve Chair Powell, accelerating US market slide