Trump's attacks on the Federal Reserve shake US markets

MADRIDWhile much of the world's stock markets spent Easter Monday with their doors closed, the rumble continues in the United States. The Dow Jones, Wall Street's benchmark index, opened the session with its sharpest drop since April 8, when Donald Trump announced tariffs on China that could increase by up to 245%, and has already surpassed the crash of April 4. when Trump announced the battery of tariffs around the world.

Specifically, this stock market index registered a 2.49% drop at 12:40 p.m. on the North American East Coast (6:40 p.m. in Catalonia), and the S&P 500, which includes the country's 500 largest listed companies, fell sharply at the same time, down 2.85%. demand that Powell cut interest rates. Through his profile on the social network Truth Social, Trump has said that the trend shown by energy and food prices eliminates the risk of rising inflation, which is why he criticizes the Federal Reserve's decision not to touch rates for now, unlike what other central banks have done. The more the Federal Reserve lowers the price of money, the more the ghosts of an economic slowdown will grow. profile on Truth Social. "[Jerome] Powell has always been too late, except during election time, when he lowered rates to help Joe Biden get elected," he said last Thursday when the US president. declared war on the Federal Reserve and demanded Powell's dismissal after he was reluctant to touch interest rates.

In the eyes of investors, the Federal Reserve is one of the jewels of financial stability in the United States, so Trump's frontal attacks on the institution and its independence are triggering concern among investors, who are looking ahead to the presentation of many companies' first-quarter results. Beyond the stock markets, gold has once again reached new highs and is now above $3,400 a barrel, while debt has rebounded to 4.37%.