Investors have been consistently selling off US assets amid the Trump administration’s effort to find a reason to remove Federal Reserve Chair Jerome Powell. In a social media post, Trump has referred to Powell as “a major loser” while pushing for interest rate cuts. As a result, the US dollar has weakened to its lowest level in the past three years.
Source: https://www.euronews.com/business/2025/04/22/investors-flee-us-assets-as-trump-attacks-feds-powell-and-calls-for-rate-cuts