Trump's Feud With the Fed: Should Investors Be Worried?

All of the major stock market indices were sharply lower on Monday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq-100 all down by about 3% for the day, adding to recent declines.The main reason for the declines is President Donald Trump's intensifying pressure on Federal Reserve Chairman Jerome Power to lower interest rates. In a social media post, Trump warned that the U.S. economy could slow down unless interest rates were to fall right away and called on Powell to do just that.To be sure, Trump's criticism of the Fed, and Powell in particular, is nothing new. Although Trump himself appointed Powell during his first term, he frequently criticized Powell in the years leading up to the COVID-19 pandemic for raising interest rates despite a lack of inflation.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool