BUZZ-Major US lenders fall as Trump again criticizes Fed Chair Powell

Reuters
Yesterday
BUZZ-Major US lenders fall as Trump again criticizes Fed Chair Powell

** Shares of major Wall Street banks slip after U.S. President Donald Trump's latest criticism of Federal Reserve Chair Jerome Powell fans worries about the central bank's autonomy in setting monetary policy

** JPMorgan Chase JPM.N, Goldman Sachs GS.N, Morgan Stanley MS.N, Bank of America BAC.N, Citigroup C.N and Wells Fargo WFC.N down 1% to 2.7%; Morgan Stanley leads the declines

** Trump's comments also weighing on the broader markets .N

** Adds to uncertainty over Fed's rate cut path during the year, especially when the economy is seen slowing down due to tariffs

** S&P 500 Banks .SPXBK index is down 11.1% YTD

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10