Trump's Criticism of Federal Reserve Chair Powell Impacts US Stock Market

Recent tensions between former President Donald Trump and Federal Reserve Chair Jerome Powell have impacted the US stock market. Trump criticized Powell's monetary policy decisions, specifically the refusal to lower interest rates. He suggested he was reconsidering Powell's position, leading to market uncertainty. Powell's criticism of Trump's trade policies and tariffs also fueled the conflict. Powell stated that these policies could lead to a recession due to rising inflation. These statements caused fluctuations in the New York Stock Exchange, which opened lower on Monday. Despite Trump's threats, Powell stated that US law protects him from being dismissed by the president. He intends to complete his term as Federal Reserve Chair, which ends in May 2026. After that, he will continue to be a member of the FED until January 2028.