FRANKFURT (dpa-AFX) – The US government’s ongoing political antics also slowed European stock markets on Tuesday after Easter. A verbal attack by US President Donald Trump on Federal Reserve Chairman Jerome Powell caused major losses on the New York stock exchanges on Easter Monday. Nevertheless, there were initial signs of stabilization on Wall Street on Tuesday.
In the early afternoon, the DAX fell by half a percent to 21,100 points. The leading index had recently recovered significantly from a low of around 18,500 points reached at the beginning of April, making up some of the losses caused by Trump’s punitive tariffs.
Trump once again called on the Fed to cut interest rates and described Fed Chairman Powell as a “big loser” because he does not want to lower interest rates for the time being due to inflation risks. “The pressure from President Trump on Fed Chairman Powell is increasing,” wrote Felix-Antoine…
