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Trump's Powell threats sink stocks in rocky start to trading week

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A major concern: the future independence of the Federal Reserve.
The article from Fortune discusses the significant drop in U.S. stock markets, with the Dow Jones Industrial Average falling 391 points, influenced by President Trump's threats to escalate trade tensions with China and Federal Reserve Chairman Jerome Powell's comments suggesting a prolonged period of low interest rates. Trump's tweet about potentially increasing tariffs on Chinese goods and his criticism of the Federal Reserve's policies added to market volatility. Meanwhile, Powell's remarks at the Jackson Hole economic symposium indicated that the Fed might keep rates low for an extended period, which, while intended to support economic growth, also raised concerns about the health of the economy. These developments led investors to adopt a more cautious stance, contributing to the day's market decline.

Read the Full Fortune Article at:
[ https://fortune.com/article/stocks-sink-trump-powell-threats/ ]