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Al Jazeera

Politics

John Power

US stocks and dollar tumble as Trump renews attacks on Fed Chair Powell

Donald Trump US Federal Reserve Jerome Powell United States Nasdaq Composite the Federal Reserve Austan Goolsbee Economy

Trader Thomas McCauley works on the floor of the New York Stock Exchange, in New York on April 21, 2025 [Richard Drew/AP]

US stocks and the dollar have dropped sharply as United States President Donald Trump’s attacks on the chief of the US central bank shake investors’ confidence in the world’s top economy.

The benchmark S&P 500 fell 2.36 percent on Monday, one of the steepest one-day declines of the year.

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