The ECB last week cut interest rates by a further 25 basis points and warned of a "deteriorated" growth outlook linked to tariff tensions.
The ECB last week cut interest rates by a further 25 basis points and warned of a "deteriorated" growth outlook linked to tariff tensions.
The 30-stock Dow jumped more than 1,100 points at its peak on Tuesday.
The 30-stock Dow jumped more than 1,100 points at its peak on Tuesday.
The 30-stock Dow jumped more than 1,100 points at its peak on Tuesday.
The 30-stock Dow jumped more than 1,100 points at its peak on Tuesday.
Trump has repeatedly called on the Fed to cut borrowing costs, which would help boost the economy ahead of a potential hit to growth from tariffs.
Powell, whom Trump appointed Fed chair during his first term as president, has flatly stated that the president cannot remove him under the law.
Powell, whom Trump appointed Fed chair during his first term as president, has flatly stated that the president cannot remove him under the law.
The dollar hit its lowest level since March 2022, continuing an April slide.