TechFlow news, April 21 — According to Jinshi Data, U.S. stocks plunged as President Trump continued criticizing Powell on Monday, urging the Federal Reserve chair to cut interest rates. Growing signs indicate that Trump's trade war is pushing the U.S. economy toward recession. The dollar fell alongside U.S. long-term Treasury bonds. On his social media platform, Trump expressed support for "preemptive rate cuts" and dismissively referred to the Fed chair as a "loser." Since last week, Trump has repeatedly attacked Powell, raising a critical question: Can the Federal Reserve maintain its independence from political influence? This issue strikes at the heart of confidence in U.S. financial markets. Joe Saluzzi, Co-Head of Institutional Trading, said, "The market does not want the Fed's independence challenged. At least with an independent Fed, the market can attempt to predict its actions. If the Fed's independence is undermined, it could make more volatile (unpredictable) decisions. The market dislikes unpredictability."
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
