Trump suggests without evidence that Fed Chair Powell caused the Dow to drop
briefly dipped into negative territory mid-morning as a drop in Boeing shares pressured the index.
Bond yields held mostly steady throughout the testimony, suggesting there was no significant change in market expectations for interest rates. Powell emphasized that the economy was in a solid place and that the central bank saw no need to adjust its policy stance. Trump suggested that borrowing costs had put the US at a disadvantage, though they were cut to historically low levels last year.
"Germany & other countries get paid to borrow money," he wrote."We are more prime, but Fed Rate is too high, Dollar tough on exports."
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Stock market live updates: Dow turns negative, Trump blames Powell for fall, Boeing dropsLive updates of what's moving the market, including the latest on Under Armour, the coronavirus and the Fed.
Les mer »
What to watch today: Dow to rise, Powell testifies, coronavirus death toll passes 1,000U.S. stock futures are pointing to a higher open, following record closes for the S&P 500 and Nasdaq on Monday, as investors are encouraged by a slowdown in the number of new coronavirus cases.
Les mer »
What to look for when Fed Chair Powell meets with Congress this weekFederal Reserve Chairman Jerome Powell heads to Capitol Hill on Tuesday at a touchy juncture.
Les mer »
Fed Chair Powell says U.S. economy 'resilient,' but warns on coronavirus, productivityFederal Reserve Chair Jerome Powell likely to give Congress largely positive economic update annsaphir
Les mer »
Watch Fed Chair Jerome Powell speak to Congress live
Les mer »
Twitter reacts to Trump tweet of Larry David mocking Trump supportersPresident Trump tweeted a scene from 'Curb Your Enthusiasm' as if it was a compliment to his supporters but it was actually mocking them, and Twitter took notice.
Les mer »