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0 0.000145049148885205 0.000911052505394481 0.00119875329657167 0.00431551186765763 0.000839127307600184 0.00395588587868615 0.00263725725245743
Stock impact report

Stocks slide as Trump escalates criticism of Fed Chair Powell [Yahoo! Finance]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
immediately lower interest rates and questioning the policy approach of Fed Chair Jerome Powell. The comments came days after Trump said he was eager for Powell's "termination" despite a longstanding norm of political independence at the central bank. The Dow Jones Industrial Average plunged 1,050 points, or 2.6%, while the S&P 500 fell 2.7%. The tech-heavy Nasdaq declined 3%. Last week, Powell voiced alarm about Trump's tariff policy, saying it would likely hike inflation and slow economic growth. Powell indicated that the Fed may approach interest rates with restraint as policymakers observe the economic effects of Trump's tariffs. MORE: 'Wild time': Wall Street strategists warn of uncertain outlook amid Trump's tariffs In a social media post on Monday, Trump dubbed Powell "Mr. Too Late" in reference to a policy approach that Trump views as overly cautious. Trump warned of the possibility of an economic slowdown "unless Mr. Too Late, a major loser, lowers interest rates, Show less Read more
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