President Donald Trump escalated his attacks on Federal Reserve Chair Jerome Powell, urging immediate interest rate cuts to prevent an economic slowdown. Trump's remarks led to a 1,000-point drop in the Dow Jones and a near 3% decline in the S&P 500. The administration is reportedly considering Powell's removal, raising concerns about the Fed's independence.
CROFAM SOCIAL NETWORK
President Donald Trump is scheduled to deliver virtual remarks at a cryptocurrency industry conference at 10:40 a.m. today. His participation underscores the administration's focus on digital assets and blockchain technology.