đź’¨ Abstract
On April 21, 2025, President Donald Trump criticized Federal Reserve chair Powell for not lowering interest rates to boost the economy, despite a slowing market and increased inflation. Trump's comments drove stocks and the dollar lower, with the S&P 500 down 2% in early trading. Trump has threatened to fire Powell, but the Fed chair has stated that the president lacks the authority to do so.
Courtesy: wtop.com
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