Trump’s Criticism of Powell Takes a Toll on Dow Performance
The Dow suffered a setback as technology stocks declined following President Trump’s harsh criticism of Federal Reserve Chairman Jerome Powell. Investors reacted to Trump’s remarks about Powell’s failure to implement necessary interest rate cuts. Additionally, concerns surrounding tariffs have led to a drop in the dollar, which fell to a three-year low. Market participants are increasingly wary as political pressures converge with economic indicators, prompting a closer analysis of the situation.
