The sale of shares in Wall Street He has intensified today (21.4.2025), as President, Donald Trump, insists on interest rates by the US Federal Bank (Fed).
Trump’s threats to remove Fed President Jerome Powell influenced US assets, burdening longer state bonds and the dollar, according to Bloomberg. The S&P 500 fell 2.1% and the dollar was weakened at a low 15 -month -old, as Wall Street reopened after the long weekend of holiday.
The 10 -year reference bond fell with the yield close to 4.4%. As investors were removed from the US securities, the assets have risen. Gold jumps on another record, over $ 3,400 per ounce, while the Swiss franc won more than 1% against the dollar.
The US president escalated his attack on the Fed president, insisting that there was no “substantially” inflation and that it was time for “preventive cuts”. The latest measurement of the preferred Fed inflation index remains above the Central Bank target, the next measurement comes next week.
National Economic Council Director Kevin Hasset said on Friday (18.4.2025) that Trump is studying if he is able to dismiss Powell. The comments have raised new questions about whether the Fed can maintain its long independence, with the president more and more expressing his dissatisfaction with harsh characterizations that the central bank has not moved faster to reduce interest rates.