The Dow plunged more than 950 points Monday as President Trump intensified his attacks on the Federal Reserve's independence — calling chairman Jerome Powell "a major loser"…
The Dow plunged more than 950 points Monday as President Trump intensified his attacks on the Federal Reserve's independence — calling chairman Jerome Powell "a major loser" for not lowering interest rates. The Dow Jones Industrial Average slid 971.82 points, or 2.5%, to 38,170.41 after losing 1,406 points during the previous holiday-shortened week. US markets were closed on Friday in observance of Good Friday. The S&P 500 and the Nasdaq also slipped more than 2%. 4 US stocks opened in the red on Monday after another negative trading week as investors continued to fret over President Trump's tariffs. AP 4 Stocks stumbled on Monday after Trump intensified his attack on the Federal Reserve. Jack Forbes / NY Post Design "Clearly, the market does not like the certainty of uncertainty, and it's reflected in the daily volatility and declining markets," Ted Jenkin, president of Exit Stage Left Advisors, told The Post. "Until this volatility settles, we will continue to see choppy financial days on the markets." In a fiery Truth Social rant on Monday, Trump once again called for the Federal Reserve to slash interest rates immediately, taunting Powell with the nickname "Mr. Too Late." "'Preemptive Cuts' in Interest Rates are being called for by many. With Energy Costs way down, food prices (including Biden's egg disaster!) substantially lower, and most other 'things' trending down, there is virtually No Inflation," Trump wrote. According to the most recent data, consumer prices rose 2.4% over the past 12 months through March. Last month, egg prices at supermarkets hit a record high despite fewer bird flu cases and falling wholesale costs — indicating retailers could…