Investors flee US assets as Trump attacks Fed’s Powell and calls for rate cuts
Investors flee US assets as Trump attacks Fed’s Powell and calls for rate cuts

Investors flee US assets as Trump attacks Fed’s Powell and calls for rate cuts Investors continued offloading US assets as the Trump administration seeks a way to dismiss Federal Reserve Chair Jerome Powell.

Trump has demanded rate cuts, referring to Powell as “a major loser” in a social media post.

The US dollar weakened to a three-year low.

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