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[ Sat, May 03rd ]: Fortune
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Even fellow critics of the Federal Reserve want Trump to back off Powell as stocks and the dollar both slide

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  Print publication without navigation Published in Travel and Leisure on by Fortune
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
When politics interferes with the central bank's ability to set monetary policy, inflation tends to be the result.
The article from Fortune discusses the Federal Reserve's decision to raise interest rates, which has led to a significant drop in stock prices and a stronger U.S. dollar. President Trump has publicly criticized the Fed's actions, particularly targeting Chairman Jerome Powell, whom he appointed. Trump's comments suggest he believes the rate hikes are unnecessary and could hinder economic growth. The article also notes that the Fed's moves are seen as an attempt to normalize monetary policy after years of low rates, but this has caused concern among investors about the potential for a slowdown in the economy. Additionally, the stronger dollar is impacting U.S. exporters negatively, adding to the tension between the White House and the Federal Reserve.

Read the Full Fortune Article at:
[ https://fortune.com/article/federal-reserve-trump-powell-stocks-dollar/ ]