Dollar Slides and Gold Hits New Record as Trump Takes Aim at Fed Chair

The possibility that any president should fire the president of the Federal Reserve should be practically 0%, given that the Fed is the most important financial institution in the world and should be free of political interference. However, even a 20% chance that Trump could interfere in the Fed was enough to cause another fall in the stock market. Investors weighed the possibility that Trump could alter monetary policy, as he has done with trad…

Trump’s Verbal Criticism of Fed Chair Powell Spurs Global Market Volatility

Significant reactions rippled through global financial markets following President Trump’s verbal critique targeting Federal Reserve Chair Jay Powell. This commentary prompted a decline in the U.S. dollar while providing a boost to gold, Bitcoin, and currencies typically regarded as safe-haven assets. Fed Independence Concerns Drive Market Anxiety Heightened market anxiety and a depreciation of the U.S. dollar occurred after President Trump dire…

Dollar Slides and Gold Hits New Record as Trump Takes Aim at Fed Chair

Novo Nordisk was one of the biggest fallers in Europe.