Dow plunges 1,100 points after Trump calls Fed’s Powell ‘a major loser’ for not lowering rates

The New York Post ^ | April 21, 2025 | Taylor Herzlich

[rightwingintelligentsia]

The Dow plunged more than 1,100 points as President Trump intensified his attacks on the Federal Reserve’s independence — calling chairman Jerome Powell “a major loser” for not lowering interest rates.

The Dow Jones Industrial Average was recently off 1,084.93 points, or 2.8%, at 38,057.30 in midday trades after plunging losing 1,406 points during the previous holiday-shortened week. US markets were closed on Friday in observance of Good Friday.

The S&P 500 on Monday fell 2.9% and the Nasdaq slipped 3.1%.

In a fiery Truth Social rant on Monday, Trump once again called for the Federal Reserve to slash interest rates immediately, taunting Powell with the nickname “Mr. Too Late.”

[P.O.E.]

Buy Low, Sell High

[napscoordinator]

Just cancel everything and start over. I’d love to get Amazon at the IPO and other stocks.

[DarthVader]

Time for Powell to be sterilized!

[Responsibility2nd]

Is the one thing directly related to the other?

I expect better from the New York Post. This is New York Times agit-prop.

[brownsfan]

*sigh* I don’t expect perfection, but this is hard to take.

[Publius]

A bull market climbs the "wall of worry," and years may go by before a bull market sees a 2% day, either up or down. Volatility is the sign of the bear and will see many 2% days in both directions. Some of the strongest rallies occur during a bear market.

When volatility decreases, the bull market can resume.

[Paladin2]

And yet, Gold is up.

The “Market” really doesn’t appear to look forward beyond the next step forward in time.

[central_va]

NYP is a murdoch globalist TDS rag sheet.

[central_va]

All over a tiny US import tariff.

[1Old Pro]

We’re close to a bottom here imho. Not that we’ll see 45k on the DOW soon, we’re getting closer to real value.

[cuz1961]

Dow plunges 1,100 points after Trump Derangement Syndrome kicked in on k street and wall street and the big money worked to make Pres Trump look bad.

[lefty-lie-spy]

Exactamundo!

[bigdaddy45]

What is your point? Are you saying the Dow didn’t go down this much and that this was misreported? Or do you just like to complain?

[Red Badger]

The Dow goes up,

The Dow goes down,

The wheels on the bus go round and round..............

[nwrep]

It sounds like Trump wants Powell to bail him out for the tariff chaos that has roiled the markets.

[VAFreedom]

i knew the market would tank when that news came over the weekend.

i’m making a killing on shorting

[BigFreakinToad]

thanks Mr. Trump, looks like you will keep me from retiring.

[woweeitsme]

I don’t know that the rates need to be lowered. That’s a temporary solution. They need to get these trade deals done as soon as possible, because if the market is tanking this bad by next year at this time, the Republicans are going to get wiped out in the mid-terms.

[nwrep]

Good point. The response #9 is a classic genetic fallacy.