Dow slides more than 950 points as Trump rips Fed Chair Powell, reigniting investor worries: Live updates
www.cnbc.com
The moves come after each of the three major averages saw a third weekly decline in the last four trading weeks.

Edit: now down 1100

Edit 2: 1200

  • Optional@lemmy.world
    56·
    18 days ago

    Trump claimed that the economy would slow unless Powell — who he referred to as “Mr. Too Late, a major loser” — lowered interest rates immediately.

    An amazing statesman.

    • MakingWork@lemmy.ca
      37·
      18 days ago

      Lowering interest rates would cause inflation to get higher. The whole point of increasing interest rates is to slow down inflation.