Markets plummet as Trump rips Powell

Donald Trump tanks the dollar after calling US Fed chair a 'major loser'

Donald Trump has managed to make US stocks and the dollar plunge after he called the US central bank boss a a "major loser."

Investors remain unsure even after the Easter holidays. Donald Trump's new verbal attacks against Fed President Powell put a strain on the markets, now investors are hoping for the US balance-sheet season.

Trump calls Fed Chair Powell 'a major loser'

WASHINGTON — President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy.

Trump latest: Gold hits new high, US dollar plunges after president attacks Powell

The market shifts came after Trump claimed that the economy could slow unless Federal Reserve chair Jerome Powell immediately lowered interest rates

Can Donald Trump fire chair of US Federal Reserve Jerome Powell as spat deepens and markets slide?

President Donald Trump on Monday kept up his verbal assault on Federal Reserve Chair Jerome Powell over the Fed's refusal for now to further cut interest rates, rattling financial markets growing ever more fearful that Trump may ultimately try to fire the US central bank chief over the matter.

Donald Trump insults and threatens the governor of the central bank, he goes against the independence of the central bank. A verdict to be expected by the Supreme Court could play into his hands.