Equities Dip as President Donald Trump Rips Into Fed Chair Jerome Powell for Not Lowering Rates
2025-07-04 05:08:02
Description
The stock market tumbled this week as US President Donald Trump continued his attacks on Federal Reserve Chair Jerome Powell. The Federal Open Market Committee (FOMC) announced on Wednesday that it planned to maintain the target range for the federal funds rate at 4.25-4.5%, arguing that it was the most suitable level to achieve both maximum employment and controlled inflation. Trump slammed the decision on his social media platform Truth Social, calling Powell “an American disgrace.” “‘Too Late...
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