What to Know
- U.S. President Donald Trump on Truth Social called chair of the Federal Reserve Jerome Powell a “major loser” and warned that the U.S. economy could slow down unless interest rates fall immediately.
- The S&P closed down 2.4%. Since its February highs, the index is now off 16%, approaching bear market territory of a 20% decline.
Trump called Powell a “major loser” and warned that the U.S. economy could slow down unless interest rates fall immediately. Follow along for live updates.
Source: www.nbcphiladelphia.com…