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."
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