U.S. stocks plunged Monday as President Donald Trump escalated attacks on Federal Reserve Chair Jerome Powell, according to the BBC. Trump criticized Powell’s economic leadership as his tariff plans triggered a market sell-off and stoked recession fears. Major U.S. stock indexes declined sharply on Monday and have seen steep losses since the beginning of the year. The dollar index hit its lowest point since 2022, and 10-year Treasury yields climbed above 4%, while gold surged past $3,500 per ounce, reaching a record high. Critics warn that Trump's pressure on Powell threatens the Fed's independence and market stability.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. stocks plunged Monday as President Donald Trump escalated attacks on Federal Reserve
00:06Chair Jerome Powell, according to the BBC. Trump criticized Powell's economic leadership
00:11as his own tariff plans triggered a market sell-off and stoked recession fares.
00:16Major U.S. stock indexes declined sharply on Monday and have seen steep losses since the
00:20beginning of the year. The dollar index had its lowest point since 2022, and 10-year Treasury
00:26yields climbed above 4%, while gold surged past $3,500 per ounce, reaching a record high.
00:32Critics warn that Trump's pressure on Powell threatens the Fed's independence and market
00:36stability.
00:36For all things money, visit Benzinga.com slash GSTV.