Dollar Slides After Trump Targets Fed Chair
TheWkly Analysis
A fresh social‑media attack from President Trump calling Fed Chair Jerome Powell a “major loser” rattled markets Monday, knocking the U.S. Dollar Index to a three‑year low and sparking a 2.4% drop in the S&P 500. Fears about Fed independence and an escalating tariff war drove investors toward gold and other safe‑haven assets.
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Key Entities
- • Trump, Jerome Powell, U.S. Dollar Index
Multi-Perspective Analysis
Left-Leaning View
The dollar's decline reflects the dangerous political interference in monetary policy by Trump, undermining the independence of the Federal Reserve.
Centrist View
The dollar's slide following Trump's comments on the Fed Chair raises concerns about the potential impact of political rhetoric on economic stability.
Right-Leaning View
Trump's criticism of the Fed Chair is a necessary push for the central bank to adopt a more aggressive stance on interest rates to strengthen the dollar.
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