Trump clash with Federal Reserve chief rocks markets
Markets saw another significant drop on Monday as US President Donald Trump continued to clash with Jerome Powell, the head of the US Central Bank, after Powell refused to reduce the federal interest rater. Powell, who Trump called a “major loser,” has maintained the federal interest to combat rising inflation caused by Trump’s tariffs, prompting Trump to say he is looking for a way to legally fire Powell before his term ends in 2026.
