Trump’s Fed Attacks Shake Markets: Stocks Tumble, Dollar Dives

Major U.S. stock indexes dropped and the dollar index slid to a three-year low on Monday due to President Donald Trump’s continued attacks on Federal Reserve Chair Jerome Powell and the bank’s monetary policy. These developments have rattled investors, who are seeking refuge in safe-haven assets like gold and the Swiss franc. Trump reiterated his call for immediate rate cuts and criticized Powell’s handling of the economy. This has fueled worries about the Fed’s policy independence and the prospects for U.S. financial assets. With most markets closed for Easter Monday, insufficient liquidity exacerbated market volatility. The tensions in financial markets…