US stocks, dollar slide; Trump’s attacks on Fed chair fuel anxiety

Written by Caroline Valtikafic

NEW YORK (Reuters) – The main stock indicators in the United States decreased and the dollar index slipped to its lowest level for three years on Monday, as US president Donald Trump’s ongoing attacks on the head of the Federal Reserve and the bank’s monetary policy.

Investors flocked to safe armed assets, including gold, which amounted to another record, and Swiss franc.

On Monday, Trump repeated his criticism of the Federal Reserve Chairman Jerome Powell and said that the American economy may slow down unless interest rates are reduced immediately.

White House economic advisor Kevin Haysit said on Friday, when many markets were closed, that Trump and his team would study the matter, when asked whether the Powell fire was a choice. Trump launched a major attack on Powell on Thursday.

His comments on Powell raised concerns about the independence of the Federal Reserve in the Policy Policy Establishment and the expectations of American Assets. Most of the markets were closed on Friday, and some, including most Europe, remained on the Easter holiday on Monday, which led to insomnia liquidity.

Robert Paville, director of the high portfolio of Dakota Wales in Fairfield, said that all this chaos is continuing, that he brings Powell “a fixed hand, it is a well -known entity, it is stability in a world of uncertainty. It brings this calm to the market, something that people can depend on that stability while all this chaos is continuing.”

Trump’s tariff has been exposed to financial markets in recent weeks and remains a great concern for investors.

The commercial rift of the American Suno deepened after Beijing warned other countries of eye -catching deals with the United States at the expense of China, adding fuel to the rising trade war between the world’s largest economists.

The Dow Jones Industrial Average decreased 971.82 points, or 2.48 %, to 38,170.41, the S&P 500 124.50 points, or 2.36 %, to 5,158.20 and the Nasdaq compound decreased 415.55 points, or 2.55 %, to 15,870.90.

S&P closed 16 % less than record on February 19. If the Belwether index closes 20 % less than that at all, it will confirm that the index has entered the bear market.

The MSCI scale decreased all over the world 10.31 points, or 1.30 %, to 783.11.

After a series of price cuts at late last year, the Federal Reserve has left the standard policy rate in the range of 4.25 % to 4.50 % since December.

The head of the Federal Reserve in Chicago, Austan Golsby, said on Sunday that he hopes that the United States will not move to an environment in which the central bank’s ability to put monetary policy independently of political pressure will be interrogated.