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

    04/21/2025 11:37:10 AM PDT · by rightwingintelligentsia · 94 replies
    The New York Post ^ | April 21, 2025 | Taylor Herzlich
    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...