Trump's remarks about the dismissal of Powell are pushing US stocks and dollars
Futures for US indicators and dollars fell on Monday, after President Donald Trump’s criticism of the Federal Reserve raised new concerns about the independence of the US Central Bank. The dollar was subjected to widespread pressure after Kevin Haysit, director of the National Economic Council, revealed that Trump was studying whether he could reject Federal President Jerome Powell. Traders have reported that the hedge funds quickly sell the dollar. Gold, usually moving in reverse relationship with the dollar, has risen to a new standard. On the other hand, Treasury bond yields decreased, and the futures of the S&B500 and the Nasdaq 100 decreased. The Japanese yen has also risen to its highest level against the dollar since September, which led to the decline in Japanese indicators by more than 1%. Trump wrote on his social platforms last week: ‘Powell’s discharge can’t come soon enough!’, As an expression of his frustration with the federal refusal to lower interest rates. Analysts such as Christopher Wong believe that the federal attack not only threatens the principle of the independence of the central bank, but also shakes the trust of the market in America’s monetary policy. “Honestly, the idea of rejecting Powell Powell is hard to believe. But if federal credibility is questioned, the trust in the US dollar can be seriously eroded,” says Wong, a Forex strategy expert from Oversea-Chinese in Singapore. The pressure on the dollar indicates that the decline in US assets indicates that the trade that was previously common, which focuses on ‘America First’, that is, the purchase of assets that achieve profits when the United States performance excels, after Trump resulted in the Customs campaign of the US Treasury Market, and led to the loss of Trillion -Dollar. The dollar was already under pressure after Trump imposed customs duties as the currency strength index dropped three consecutive weeks. The Instant Bloomberg index recorded a 0.5%decline, while winning thinly, the head of the market strategies at Brownn Brunds Harriman: “We believe that the dollar’s weakness will continue. The attack on federal independence is escalating, and even just to admit that it must take it under the study.” Trump later told reporters that “he can isolate Powell if he wants”, without explaining whether he really intends to take this step, or just after the end of Powell’s state planned in May 2026. The federal president of Chicago Austan Golsby has warned against attempts to undermine the independence of the central bank, and in an interview with the CBS network, that there is an almost complete consensus is crucial. Mary Dali, head of the Federal Reserve Bank in San Francisco, said the federal interest rates could maintain for a longer period than expected, due to the risk of inflation, but it could reduce it later this year. French Finance Minister Eric Lombard also warned that Trump would endanger the credibility of the dollar and destabilized the US economy if removed. In the world flow, away from America, amid this turmoil, “Deutsche Bank” said that Chinese agents have reduced their belongings of US Treasury effects in favor of European debt. Lillian Tao, head of the emerging market sales division at the bank, said that European bonds, Japanese government bonds and gold are one of the alternative options for investors. This week, the markets await the results of customs duties, especially after Trump described in the talks with Japan as “great progress”, where he said he was “very confident” to reach an agreement with the European Union as well. But the situation with China is still mysterious, after Beijing indicated several conditions to agree to hold talks with the US administration. The Chinese Ministry of Trade has also announced its strong rejection to conclude commercial agreements at the expense of its interests, in response to the United States’ efforts to persuade other countries to limit economic and commercial exchanges with China. Washington threatened to increase the fees on Indian exports from 10% to 26% if an agreement was not reached during the 90 -day wagering period, while US Vice President GD verse arrived in New -Delhi on Monday to discuss the commercial file. Early indicators of the impact of the fees this week will see the publication of the indicators of purchasing managers from Japan, Europe and the United States, giving the markets the first glimpse of artificial activities and services since the start of the Trump fees on April 2, which is still partly pending, and expectations of enterprises are expected to be issued in the most important economy. The first warning signs appeared from South Korea, as the value of modified charges fell by 5.2% in the first 20 days of April compared to last year. At the profit level this week, the results of the results of the “Seven Great” businesses (Apple, Invidia, Amazon, Alphabet, Meta, Microsoft, Tesla) this week, with a special anticipation of the reports of “Tesla” and “Alphabet”. In the energy market, oil prices have dropped with increasing fear that the trade war led by America will weaken the global energy demand for energy, encouraging traders to take more cautious centers.