• Apr 21, 2025

US stocks nosedive as Trump harangues Powell

Trump repeated his criticism of Powell, saying in a Truth Social post that the economy could slow down unless interest rates are lowered immediately. Trump's continued criticism of the Fed chair has heightened worries about the central bank's ability to independently formulate monetary policy in the world's largest economy, undermining investor confidence in U.S. assets already diminished by Trump's tariffs.

  • Apr 21, 2025

NY Fed appoints Anna Nordstrom as Markets Group chief

(Reuters) -Anna Nordstrom was tapped Monday as the permanent head of the Federal Reserve Bank of New York's Markets Group, a role she takes on immediately, the bank said in a press release on Monday. Nordstrom, who has been with the New York Fed since 2008, had been serving as interim leader of the Markets Group since December after then Markets chief Michelle Neal announced her resignation, which took effect in March. Before assuming her role in the Markets Group, Nordstrom held a number of roles in the bank's work on financial markets.

  • Apr 21, 2025

Why Tesla (TSLA) Stock Is Trading Lower Today

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 7.4% in the morning session as stocks grappled with more uncertainty after President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy.