Fed, tariff fears send Dow down over 900 points

Traders work on the floor of the New York Stock Exchange on Monday in the US. (Image: Getty)

Tue, 22 Apr 2025

By Vicky Ge HuangThe “Sell America” trade intensified on Monday.President Trump’s threats to fire Federal Reserve chair Jerome Powell exacerbated turmoil wrought by the administration’s trade restrictions and sent stocks plunging. Trump on Monday demanded lower interest rates in a post on social media, saying inflation is trending downward and the economy could slow “unless Mr. Too Late, a major loser, lowers interest rates, NOW”.The Dow Jones Industrial Average dropped around 972 points, and is on pace...

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