Stocks slide as Trump escalates criticism of Fed Chair Powell
U.S. stocks tumbled in early trading on Monday as President Donald Trump escalated his criticism of the Federal Reserve, urging the central bank to 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 tech-heavy Nasdaq declined 3%.