TRUMP'S PETTINESS IS NOW TANKING THE US ECONOMY
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โ๏ธ The stock market plunged after Federal Reserve Chair Jerome Powell accused President Trump of opening a criminal investigation into him to pressure him into lowering interest rates.
๐ The Dow Jones Industrial Average fell 400 points at the opening bell ๐ Powell accused Trump of opening a criminal investigation into him to pressure him into lowering interest rates ๐ The Fed's independence is seen as crucial for setting interest rates based on evidence and economic conditions ๐ Economists and investors fear a politicized Fed would lead to chaotic monetary policy and harm the economy ๐ Typically sycophantic GOP senators are revolting against Trump's attempt to use lawfare to force Powell out
-- #JeromePowell #DonaldTrump #KevinCramer #ThomTillis #JasonFurman #JustinWolfers #RecepTayyipErdoฤan #UnitedStates #Argentina #Russia #Turkey #Venezuela #Zimbabwe #politics
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