Trump Attacks Fed Chair Powell, Causing Market Turmoil

Trump's Criticism of Fed Chair Powell

• 🗣️ President Trump posted on Truth Social, calling Fed Chair Jerome Powell a "major loser" and demanding an immediate interest rate reduction.
• 📉 This statement, made shortly after the stock market opened, caused markets to tumble, with major indices falling by more than 2%.
• ⚠️ The incident is described as a continuation of a pattern where the president creates self-inflicted wounds that negatively impact markets.

Market Reaction and Economic News

• 📊 All three major stock market indices experienced significant losses, accelerating after Trump's post.
• 📉 By the end of the session, indices were down more than 2%, despite some late-session recovery.

Pentagon Scrutiny and Data Leaks

• 🛡️ The White House is standing by Pete Hegseth amidst turmoil in the Pentagon leadership.
• 📱 There are reports of another incident involving the Secretary of Defense sharing sensitive information related to the Sahi attack via an unsecured commercial app, Signal.
• 🔒 Information was reportedly shared with his wife, brother, and long-time personal lawyer, raising questions about why they received such sensitive data.
• 📰 When questioned about the incident, the Secretary of Defense dismissed it as "fake news."