Trump’s Anti-Fed Campaign Triggers Wall Street Sell-Off As Gold Soars And Dollar Weakens Sharply

U.S. stocks plunged Monday as President Donald Trump escalated attacks on Federal Reserve Chair Jerome Powell, according to the BBC. Trump criticized Powell’s economic leadership as his tariff plans triggered a market sell-off and stoked recession fears. Major U.S. stock indexes declined sharply on Monday and have seen steep losses since the beginning of the year. The dollar index hit its lowest point since 2022, and 10-year Treasury yields climbed above 4%, while gold surged past $3,500 per ounce, reaching a record high. Critics warn that Trump's pressure on Powell threatens the Fed's independence and market stability.